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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Highs As Traders Stay Bullish
By:
Key Points:
- Gold is trying to settle above the $3400 level.
- Silver moved back above the $38.50 level.
- Platinum remains stuck below key resistance amid lack of strong catalysts.
Gold
Gold continues to move higher as traders react to Trump’s decision to impose a 50% tariff on Indian goods.
A move above the $3400 level will push gold towards the resistance at $3440 – $3450.
Silver
Silver managed to rebound from session lows and climbed back above the $38.50 level.
From the technical point of view, silver needs to settle above $39.00 to gain additional upside momentum in the near term.
Platinum
Platinum remains stuck near key resistance level at $1345 – $1350. At this point, it is obvious that platinum needs additional positive catalysts to move higher.
If platinum settles above $1350, it will move towards the next resistance at $1400 – $1405.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
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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