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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Traders Focus On U.S. Jobs Data

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold settled above the $4200 level.
  • Silver is trying to climb above the resistance at $58.60 - $58.80.
  • Platinum rebounded after yesterday's pullback.

Gold

Gold
Gold 031225 Daily Chart

Gold gains some ground as traders focus on U.S. dollar’s pullback, which was triggered by the disappointing ADP Employment Change report.

The technical picture remains bullish as gold stays above the support level at $4170 – $4180.

Silver

Silver
Silver 031225 Daily Chart

Silver continues its attempts to settle above the nearest resistance level, which is located in the $58.60 – $58.80 range.

In case silver settles above the $58.80 level, it will gain additional upside momentum and head towards the $60.00 level.

Platinum

Platinum
Platinum 031225 Daily Chart

Platinum managed to rebound after yesterday’s pullback. From the technical point of view, platinum settled back above the support at $1620 – $1630.

In case platinum stays above the $1650 level, it will head towards the resistance at $1740 – $1750.

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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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