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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounded Towards $3300 As Dollar Tested New Lows

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is trying to settle back above the $3300 level as dollar remains under strong pressure.
  • Silver attempts to climb back above the $36.00 level.
  • Platinum is losing ground amid profit-taking.

Gold

Gold
Gold 300625 Daily Chart

Gold rebounds from multi-week lows as traders focus on the weakness of the U.S. dollar.

If gold manages to settle back above the $3300 level, it will head towards the nearest resistance at $3350 – $3360.

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Silver

Silver
Silver 300625 Daily Chart

Silver made an attempt to settle below the support level at $35.65 – $35.85 but lost momentum and climbed back towards the $36.00 level.

If silver moves above the $36.50 level, it will head towards the resistance level, which is located in the $37.30 – $37.50 range.

Platinum

Platinum
Platinum 300625 Daily Chart

Platinum is losing ground as traders continue to take profits after the strong rally.

In case platinum pulls back below the support at $1335 – $1340, it will head towards the next support level, which is located in the $1240 – $1245 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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