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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats From Session Highs As Rebound Loses Steam

By
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Traders take some profits off the table after the strong rebound.

Gold

Gold 040226 Daily Chart
Gold 040226 Daily Chart

Gold made an attempt to settle above the $5100 level but lost momentum and pulled back towards the $4900 level.

In case gold settles below the support at $4880 – $4900, it will move towards the next support at $4680 – $4700.

Silver

Silver 040226 Daily Chart
Silver 040226 Daily Chart

Silver has also pulled back from session highs as traders took some profits off the table after strong rebound.

A move below the $83.00 level will push silver towards the support at $78.00 – $79.00.

Platinum

Platinum 040226 Daily Chart
Platinum 040226 Daily Chart

Platinum failed to settle above the resistance at $2245 – $2265 and pulled back towards the $2200 level.

In case platinum settles below $2200, it will head towards the next support at $2040 – $2060.

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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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