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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Markets Are Under Pressure

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold failed to settle above the resistance at $4170 - $4180 and pulled back.
  • Silver made an attempt to settle below the $50.00 level.
  • Platinum tested support at $1520 - $1530.

Gold

Gold
Gold 141125 Daily Chart

Gold found itself under strong pressure as traders bet that Fed will not cut rates at the next meeting.

In case gold settles below the $4100 level, it will head towards the support at $3990 – $4000.

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Silver

Silver
Silver 141125 Daily Chart

Silver pulled back as traders rushed to take profits off the table near historic highs.

A move below the $51.00 level will open the way to the test of the support at $49.60 – $49.80.

Platinum

Platinum
Platinum 141125 Daily Chart

Platinum moved towards the support at $1520 – $1530 as traders focused on pullbacks in gold and silver markets.

A successful test of the support at $1520 – $1530 will open the way to the test of the next support level, which is located in the $1620 – $1630 range.

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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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