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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds From Session Lows

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold settled back above the $4050 level.
  • Silver made an attempt to settle below the $49.00 level.
  • Platinum moved above $1500 as traders bought the dip.

Gold

Gold
Gold 211125 Daily Chart

Gold managed to rebound from session lows and moved higher despite strong dollar.

In case gold climbs back above the $4100 level, it will move towards the resistance at $4170 – $4180.

Silver

Silver
Silver 211125 Daily Chart

Silver tested new lows but managed to climb back above the psychologically important $50.00 level.

If silver moves above $51.00, it will head towards the nearest resistance, which is located in the $52.60 – $52.80 range.

Platinum

Platinum
Platinum 211125 Daily Chart

Platinum has also rebounded from session lows as traders used the pullback as an opportunity to increase their long positions.

From the technical point of view, platinum needs to settle above the resistance at $1520 – $1530 to gain upside momentum in the near term.

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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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