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Gold, Silver, Platinum Forecasts – Gold Is Mostly Flat As Traders React To U.S. Economic Data

From fxempire.com

Gold: {chart} Gold is mostly flat despite stronger dollar as traders focus on falling Treasury yields. If gold settles below the $2015 level, it will move towards the support at $1970 – $1980. Silver: {chart} Silver has recently made an attempt to settle above the $23.00 level but lost momentum and pulled back. The nearest support level for silver is located in the $22.25 – $22.50 range. A move below $22.25 will push silver towards the support at $21.50 – $21.70. Platinum: {chart} Platinum settled below the $900 level as traders focused on the strong sell-off in palladium markets. A successful test of the support at ... (full story)

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  • Category: Technical Analysis