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Gold, Silver, Platinum Forecasts – Gold Pulls Back From Record Highs
Gold: chart Gold pulled back after an unsuccessful attempt to settle above the $2300 level. Traders take some profits off the table after the strong rally. Gold remains overbought so it may gain additional downside momentum in the near term. Silver: chart Silver is also losing some ground amid profit-taking. Gold/silver ratio stabilized near the 84.50 level. If gold/silver ratio moves below 84, silver will get additional support. In case silver stays above the $27.00 level, it will head towards the nearest resistance, which is located in the $27.75 – $28.00 range. Platinum: chart Platinum continues its ... (full story)