Gold (XAUUSD), Silver, Platinum Forecasts

Gold moved away from historic highs as traders took some profits off the table after the strong rally.

RSI remains in the overbought territory, so the risks of a material pullback are increasing.

Silver pulled back as gold/silver ratio climbed above the 87.00 level, which served as a negative catalyst for silver markets.

A move below the $40.50 level will open the way to the test of the support at $39.80 – $40.00.

Platinum is under strong pressure amid broad pullback in precious metals markets.

In case platinum settles below the 50 MA at $1376, it will move towards the support level at $1345 – $1350.

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