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Gold, Silver, Platinum Forecasts – Gold Is Flat Amid Lack Of Catalysts

From fxempire.com

Gold: {chart} Gold is mostly flat as traders wait for additional catalysts. From a big picture point of view, geopolitical tensions continue to provide support to gold markets. If gold climbs above the 50 MA at $2344, it will move towards the resistance at $2390 – $2400. Silver: {chart} Silver gains ground as gold/silver ratio pulled back below the 78.50 level. The dynamics of gold/silver ratio remain the key driver for silver markets. A move above the $30.00 level will push silver towards the nearest resistance, which is located in the $30.90 – $31.20 range. Platinum: {chart} Platinum tests resistance at $975 – $985 ... (full story)

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  • Category: Technical Analysis