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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats From Historic Highs Amid Profit-Taking

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold pulled back as traders took some profits off the table near historic highs.
  • Silver declined below the $41.00 level.
  • Platinum suffered a strong sell-off.

Gold

Gold
Gold 040925 Daily Chart

Gold moved away from historic highs as traders took some profits off the table after the strong rally.

RSI remains in the overbought territory, so the risks of a material pullback are increasing.

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Silver

Silver
Silver 040925 Daily Chart

Silver pulled back as gold/silver ratio climbed above the 87.00 level, which served as a negative catalyst for silver markets.

A move below the $40.50 level will open the way to the test of the support at $39.80 – $40.00.

Platinum

Platinum
Platinum 040925 Daily Chart

Platinum is under strong pressure amid broad pullback in precious metals markets.

In case platinum settles below the 50 MA at $1376, it will move towards the support level at $1345 – $1350.

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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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