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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4300

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is swinging between gains and losses despite falling Treasury yields.
  • Silver failed to settle above the $64.00 level.
  • Platinum tested resistance at $1870 - $1880.

Gold

Gold
Gold 161225 Daily Chart

Gold remains stuck near the $4300 level despite U.S. dollar’s pullback and falling Treasury yields.

From the technical point of view, gold needs to settle above $4300 to gain additional momentum and move towards the resistance at $4370 – $4380.

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Silver

Silver
Silver 161225 Daily Chart

Silver faced resistance near the $64.00 level and pulled back as gold/silver ratio rebounded towards the 68.00 level.

In case silver settles back below $62.00, it will head towards the nearest support, which is located in the $58.60 – $58.80 range.

Platinum

Platinum
Platinum 161225 Daily Chart

Platinum gained almost 4% and tested resistance at $1870 – $1880 as rally continued.

A move above the $1880 level will open the way to the test of the psychologically important $2000 level.

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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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