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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Lows As Sell-Off Continues

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold made an attempt to settle below the $4000 level.
  • Silver moved below the $49.00 level as pullback continued.
  • Platinum climbed back above the support at $1520 - $1530.

Gold

Gold
Gold 221025 Daily Chart

Gold remains under strong pressure as traders continue to take profits after the strong rally.

A successful test of the support at $3990 – $4000 will open the way to the test of the next support level at $3800 – $3810.

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Silver

Silver
Silver 221025 Daily Chart

Silver puleld back as traders reacted to the continuation of the sell-off in gold markets.

In case silver declines below the support at $47.00 – $47.20, it will head towards the next support level, which is located in the $43.60 – $43.80 range.

Platinum

Platinum
Platinum 221025 Daily Chart

Platinum managed to rebound from session lows and is trying to settle back above the $1530 level.

In case this attempt is successful, platinum will head towards the next resistance level at $1620 – $1625.

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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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