If gold manages to settle above $1830, it will head towards the nearest resistance level at $1845 - $1855.
Silver
Silver gained upside momentum as the gold/silver ratio pulled back towards the 85 level. A successful test of the resistance at $21.20 - $21.50 will open the way to the test of the next resistance level at $22.25 - $22.50.
Platinum
Platinum moved higher amid a broad rebound in precious metals markets. In case platinum settles above the resistance at $880 - $890, it will move towards the next resistance at $925 - $935.
This rebound in precious metals markets comes as a welcome relief for investors after a recent sell-off that saw prices fall to multi-month lows.
The pullback in the US dollar is one of the main factors behind the rebound as it makes precious metals more attractive to investors holding other currencies.
Another factor supporting precious metals prices is the ongoing uncertainty in the global economy.
Rising inflation and interest rates are causing concerns among investors and many are looking to precious metals as a safe haven asset.
