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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Settle Above The $3350 Level

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is trying to settle above the key resistance level.
  • Silver is moving towards the $38.50 level.
  • Platinum pulled back amid profit-taking.

Gold

Gold
Gold 180725 Daily Chart

Gold continues its attempts to settle above the strong resistance level at $3350 – $3360.

If gold climbs above the $3360 level, it will head towards the resistance at $3440 – $3450.

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Silver

Silver
Silver 180725 Daily Chart

Silver continues to move higher as traders prepare for a potential test of multi-year highs.

A move above the $38.50 level will push silver towards the resistance level at $39.80 – $40.00.

Platinum

Platinum
Platinum 180725 Daily Chart

Platinum pulled back after an unsuccessful attempt to settle above the resistance level at $1495 – $1500.

In case platinum settles below the $1450 level, it will head towards the nearest support at $1400 – $1405.

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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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