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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests Historic Highs Despite Dollar’s Rebound

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold attempts to settle above the resistance at $5300 - $5310.
  • Silver climbed above the $114.00 level.
  • Platinum remained stuck near the $2600 level.

Gold

Gold 280126 Daily Chart
Gold 280126 Daily Chart

Gold tests new highs despite U.S. dollar’s rebound. The rally continues as traders stay focused on geopolitical tensions.

A move above the resistance at $5300 – $5310 will push gold towards the $5400 level.

Silver

Silver 280126 Daily Chart
Silver 280126 Daily Chart

Silver is moving higher as traders react to the strong performance of gold markets.

From the technical point of view, silver needs to stay above the $113.50 level to gain additional upside momentum in the near term.

Platinum

Platinum 280126 Daily Chart
Platinum 280126 Daily Chart

Platinum is swinging between gains and losses as traders prepare for Fed decision, which will be released soon.

If platinum climbs back above the $2700 level, it will move towards the resistance at $2860 – $2880.

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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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