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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Treasury Yields Test Weekly Highs

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold declined towards the $3330 level as traders focused on strong U.S. dollar.
  • Silver climbed towards the $37.00 level as gold/silver ratio pulled back.
  • Platinum suffered a strong sell-off as traders rushed to take profits near multi-year highs.

Gold

Gold
Gold 030725 Daily Chart

Gold is losing ground as U.S. dollar rebounds after the strong Non Farm Payrolls report.

In case gold settles back below the 50 MA at $3321, it will head towards the support level at $3235 – $3245.

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Silver

Silver
Silver 030725 Daily Chart

Silver made an attempt to settle above the $37.00 level as gold/silver ratio pulled back below the 90.50 level.

If silver climbs above $37.00, it will get to the test of the resistance at $37.30 – $37.50.

Platinum

Platinum
Platinum 030725 Daily Chart

Platinum pulled back as traders focused on stronger dollar and rising Treasury yields.

The nearest support level for platinum is located in the $1335 – $1340 range. A move below the $1335 level will push platinum towards the support at $1270 – $1275.

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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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