Gold, Silver, Platinum – Gold Dives Towards $1950 As Dollar Rebounds

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Gold, Silver, Platinum – Gold Dives Towards $1950 As Dollar Rebounds

R1:$1965 – R2:$1980 – R3:$2000 S1:$1950 – S2:$1930 – S3:$1915 Silver Silver 020623 Daily Chart Silver pulled back as traders took some profits off th

R1:$1965 – R2:$1980 – R3:$2000

S1:$1950 – S2:$1930 – S3:$1915

Silver

Silver 020623 Daily Chart

Silver pulled back as traders took some profits off the table after the recent rebound.

If silver declines below the support at $23.50, it will head towards the next support level at $23.25. A successful test of this level will open the way to the test of the support at $22.90.

R1:$23.80 – R2:$24.10 – R3:$24.60

S1:$23.50 – S2:$23.25 – S3:$22.90

Platinum

Platinum 020623 Daily Chart

Platinum is trying to settle below the support at $1000 amid a broad pullback in precious metals markets.

A move below $1000 will push platinum towards the support at $980. If platinum settles below this level, it will head towards the next support at $960.

R1:$1015 – R2:$1040 – R3:$1065

S1:$1000 – S2:$980 – S3:$960

For a look at all of today’s economic events, check out our economic calendar.

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