Gold, Silver, Platinum Forecasts – Gold Retreats On Profit-Taking
From fxempire.com
Gold: {chart} Gold pulled back after an unsuccessful attempt to settle above the $2400 level. Traders continue to take some profits off the table near record highs. RSI remains in the overbought territory, highlighting the risks of a material pullback. Silver: {chart} Silver gained some ground as gold/silver ratio pulled back below the 84 level. From the technical point of view, silver remains range-bound between the support at $27.75 – $28.00 and the resistance at $28.70 – $28.90. Platinum: {chart} Platinum continued to move lower as traders worried about the strength of demand in China. Platinum managed to settle ...
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