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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests Historic Highs As Traders Prepare For Fed Decision

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold moved above the resistance at $3650 - $3660.
  • Silver climbed above the $42.00 level as rally continued.
  • Platinum gained ground amid broad rally in precious metals markets.

Gold

Gold
Gold 150925 Daily Chart

Gold tests new highs as traders worry about Fed independence and bet that the central bank will cut rates at the meeting on Wednesday.

If gold stays above the $3660 level, it will head towards the $3700 level. RSI remains in the overbought territory, but demand for gold stays strong.

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Silver

Silver
Silver 150925 Daily Chart

Silver climbed above the $42.00 level as traders focused on the strong performance of gold markets.

From the technical point of view, silver settled above the resistance at $41.30 – $41.50 and is moving towards the $43.00 level.

Platinum

Platinum
Platinum 150925 Daily Chart

Platinum continues its attempts to settle above the resistance level at $1400 – $1405.

In case platinum manages to settle above this level, it will head towards the next resistance at $1450 – $1455.

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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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