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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulled Back Below The $4000 Level

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is losing ground as traders focus on strong dollar.
  • Silver pulled back towards the $48.50 level.
  • Platinum declined towards the $1550 level.

Gold

Gold
Gold 311025 Daily Chart

Gold pulls back as traders focus on U.S. dollar’s rally and take some money off the table after yesterday’s rebound.

In case gold settles back below the $3990 level, it will move towards the nearest support, which is located in the $3890 – $3900 range.

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Silver

Silver
Silver 311025 Daily Chart

Silver is losing ground amid profit-taking. Silver failed to settle above the resistance at $49.60 – $49.80 and pulled back towards the $48.50 level.

A move below $48.50 will push silver towards the support level at $47.00 – $47.20.

Platinum

Platinum
Platinum 311025 Daily Chart

Platinum is under strong pressure amid broad pullback in precious metals markets.

In case platinum settles below the $1550 level, it will get to the test of the support at $1520 – $1530.

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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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