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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Dollar Tests New Lows
Gold: chart Gold gains some ground as traders focus on the continuation of U.S. dollar’s pullback, which is driven by bets on dovish Fed. From the technical point of view, gold needs to settle above the support at $3350 – $3360 to have a chance to gain sustainable upside momentum. Silver: chart Silver attempts to settle above the $38.50 level as gold/silver ratio pulled back towards 87.00. A move above $38.50 will push silver towards the resistance at $39.80 – $40.00. Platinum: chart Platinum has recently made another attempt to settle above the strong resistance level at $1345 – $1350 but lost momentum ... (full story)
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