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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Highs As Traders Bet On Dovish Fed

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold continues its attempts to settle above the $3380 level.
  • Silver climbed above the $37.50 level as gold/silver ratio declined below 89.50.
  • Platinum remained stuck in a wide trading range.

Gold

Gold
Gold 050825 Daily Chart

Gold gains ground as traders bet on dovish Fed. Currently, gold is trying to settle above the $3380 level.

In case this attempt is successful, gold will head towards the next resistance at $3440 – $3450.

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Silver

Silver
Silver 050825 Daily Chart

Silver tests new highs as gold/silver ratio pulled back below the 89.50 level.

In case silver climbs above the $38.00 level, it will head towards the resistance at $39.80 – $40.00.

Platinum

Platinum
Platinum 050825 Daily Chart

Platinum remains stuck in a range between the support at $1300 – $1305 and the resistance at $1345 – $1350.

A move above the $1350 level will push platinum towards the next resistance level at $1400 – $1405.

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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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