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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Is Stuck Near The $4000 Level

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold prices stabilized near the psychologically important $4000 level.
  • Silver declined towards the $48.50 level.
  • Platinum moved back and forth in a wide trading range.

Gold

Gold
Gold 031125 Daily Chart

Gold continues its attempts to settle above the nearest resistance level, which is located in the $3990 – $4000 range.

In case gold settles above the $4000 level, it will move towards the next resistance at $4170 – $4180.

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Silver

Silver
Silver 031125 Daily Chart

Silver pulled back towards the $48.50 level as gold/silver ratio climbed above 82.50.

If silver stays below $48.50, it will head towards the support level at $47.00 – $47.20.

Platinum

Platinum
Platinum 031125 Daily Chart

Platinum remains stuck in a wide range between the support at $1520 – $1530 and the resistance at $1620 – $1630.

A move below the $1520 level will provide platinum with an opportunity to gain additional downside momentum.

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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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