The small recovery by Gold, Silver and Platinum has stalled, with resistance manifesting beneath the 50-day moving average. Quick moves over the recent highs at 1267.5, 20.48 and 1400.3, respectively, are required to offset the risk of a renewed decline towards the summer troughs.
The other member of the Precious Metals sector, Palladium, has also weakened but remains confined within the broad trading band, forming between 770-680 approx.
Also in this sector, the Africa Platinum Mining Index shed 2.9%. The chart pattern is looking top heavy and a push back over the 50-day MA would be required to offset current scope for further slippage towards this year's earlier base area.