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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats From Session Highs

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold failed to settle above the resistance at $4370 - $4380.
  • Silver declined towards the $65.00 level.
  • Platinum tested resistance at $1975 - $1985.

Gold

Gold
Gold 181225 Daily Chart

Gold made an attempt to settle above the resistance at $4370 – $4380 but lost momentum and pulled back.

If gold declines below the $4280 level, it will head towards the nearest support at $4170 – $4180.

Silver

Silver
Silver 181225 Daily Chart

Silver pulled back below the $65.00 level as traders took some profits off the table near historic highs.

From the technical point of view, silver needs to stay above the $64.80 level to have a chance to gain upside momentum in the near term.

Platinum

Platinum
Platinum 181225 Daily Chart

Platinum tested new highs as the strong rally continued. RSI is in the overbought territory, so the risks of a pullback are increasing.

In case platinum settles below the $1915 level, it will head towards the nearest support at $1870 – $1880.

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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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