Skip to main content
Advertisement
Advertisement

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% Amid Profit-Taking

By: 
Vladimir Zernov
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts

Key Points:

  • Gold pulled back after an unsuccessful attempt to settle above the $5600 level.
  • Silver found itself under strong pressure as traders took profits near historic highs.
  • Platinum tested support at $2510 - $2530.

Gold

Gold 290126 Daily Chart
Gold 290126 Daily Chart

Gold suffered a sell-off after testing historic highs as traders rushed to take profits off the table.

In case gold declines below the support at $5100 – $5110, it will head towards the next support level at $4890 – $4900.

Silver

Silver 290126 Daily Chart
Silver 290126 Daily Chart

Silver made an attempt to settle above the $120.00 level but lost momentum and pulled back.

A move below the $110.00 level will push silver towards the support at $103.00 – $104.00.

Platinum

Platinum 290126 Daily Chart
Platinum 290126 Daily Chart

Platinum is down by more than 4% amid strong pullback in precious metals markets.

A successful test of the support at $2510 – $2530 will push platinum towards the next support level at $2245 – $2265.

Gold Price Forecast

Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.

See all Gold forecasts

If you’d like to know more about how to trade gold and silver, please visit our educational area.

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.

Advertisement