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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Traders Bet On Dovish Fed

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold made an attempt to settle above the $3350 level.
  • Silver is flat as traders wait for additional catalysts.
  • Platinum is stuck near the support level at $1335 - $1340.

Gold

Gold
Gold 010725 Daily Chart

Gold gains ground as U.S. dollar stays near yearly lows. Traders remain focused on dovish Fed policy outlook, which is bullish for gold markets.

In case gold settles above the resistance at $3350 – $3360, it will head towards the next resistance level at $3440 – $3450.

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Silver

Silver
Silver 010725 Daily Chart

Silver is mostly flat as gold/silver ratio climbed above the 92.00 level. From the technical point of view, silver continues to consolidate after the strong rally.

If silver manages to climb above the $36.50 level, it will head towards the resistance level at $37.30 – $37.50.

Platinum

Platinum
Platinum 010725 Daily Chart

Platinum is losing ground as the market continues to stabilize after recent volatility.

In case platinum stays above the support level at $1335 – $1340, it will head towards the resistance 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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