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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Soared Above $4000

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold tests new highs as rally continues.
  • Silver climbed towards the resistance at $49.60 - $49.80.
  • Platinum tested multi-year highs.

Gold

Gold
Gold 081025 Daily Chart

Gold climbed above the psychologically important $4000 level as strong rally continued.

From the technical point of view, gold is in the extremely overbought territory. The FOMO trade pushes prices higher, so traders will stay focused on momentum.

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Silver

Silver
Silver 081025 Daily Chart

Silver tested new highs as gold/silver ratio declined below the 82.00 level. At this point, silver is just one step away from testing historic highs.

A successful test of the resistance at $49.60 – $49.80 will provide silver with an opportunity to gain additional upside momentum.

Platinum

Platinum
Platinum 081025 Daily Chart

Platinum climbed above the resistance at $1620 – $1625 amid broad rally in precious metals markets.

A move above the $1675 level will push platinum towards the next resistance level at $1730 – $1735.

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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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