Key Insights
1.Gold tries to settle below the $1950 level.
2.Silver declined below the $24.00 level.
3.Platinum tested support at $980.
Gold
A successful test of the support at $1950 will push gold towards the next support level at $1930. If gold declines below this level, it will head towards the support at $1915.
R1:$1965 – R2:$1980 – R3:$2000
S1:$1950 – S2:$1930 – S3:$1915
Silver
If silver settles below the $23.80 level, it will head towards the next support level, which is located at $23.50. A move below $23.50 will open the way to the test of the support at $23.25.
R1:$24.10 – R2:$24.60 – R3:$24.85
S1:$23.80 – S2:$23.50 – S3:$23.25
Platinum
A successful test of the $980 level will push platinum towards the next support level at $960. In case platinum declines below $960, it will head towards the support at $930.
R1:$1000 – R2:$1015 – R3:$1040
S1:$980 – S2:$960 – S3:$930
