Gold rebounds as U.S. dollar pulls back after the release of the disappointing Retail Sales data.
In case gold manages to settle above the $2000 level, it will move towards the nearest resistance, which is located in the $2015 – $2025 range.
Silver rallied as gold/silver ratio pulled back below the 87.50 level. From a big picture point of view, gold/silver ratio continues to move lower after an unsuccessful attempt to settle above the 90 level, which is bullish for silver.
In case silver settles above the $23.00 level, it will head towards the resistance at $23.40 – $23.60.
Platinum
Platinum is trying to settle above the $900 level amid a broad rebound in precious metals markets.
In case this attempt is successful, platinum will head towards the resistance in the $925 – $935 range.
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