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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Markets Pull Back As Trump Says Gold Will Not Be Tariffed

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold tests support at $3350 - $3360.
  • Silver declined below the $38.00 level.
  • Platinum failed to settle below the support at $1300 - $1305.

Gold

Gold
Gold 110825 Daily Chart

Gold retreats as U.S. President Trump said that gold imports would not face tariffs.

In case gold settles below the support at $3350 – $3360, it will head towards the next support level at $3275 – $3285.

Silver

Silver
Silver 110825 Daily Chart

Silver is losing ground as traders focus on the pullback in gold markets. Stronger U.S. dollar put additional pressure on silver markets today.

A move below the $37.30 level will push silver towards the support at $35.60 – $35.85.

Platinum

Platinum
Platinum 110825 Daily Chart

Platinum is mostly flat in volatile trading. The technical picture remains unchanged as platinum is stuck in a wide trading range.

If platinum climbs above the $1350 level, it will head towards the resistance level 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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