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Gold, Silver, Platinum Forecasts – Gold Pulled Back Towards $2900

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold made an attempt to settle above the resistance at $2930 - $2940.
  • Silver failed to settle below the support at $31.45 - $31.75.
  • Platinum remained stuck near the resistance at $1025 - $1030.

Gold

Gold
Gold 110225 Daily Chart

Gold tested new highs but lost momentum and pulled back as traders took some profits off the table.

If gold settles below the $2900 level, it will head towards the support at $2870 – $2880.

Silver

Silver
Silver 110225 Daily Chart

Silver made an attempt to settle below the support at $31.45 – $31.75 but lost momentum and rebounded towards the $32.00 level.

In case silver climbs back above $32.00, it will head towards the resistance at $32.75 – $33.00.

Platinum

Platinum
Platinum 110225 Daily Chart

Platinum continues its attempts to settle above the resistance at $1025 – $1030.

If platinum manages to settle above the $1030 level, it will gain additional upside momentum and move towards the next resistance at $1085 – $1090.

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About the Author

Vladimir ZernovFutures Trading Expert

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

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