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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4100 Level Amid Rising Demand For Precious Metals

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold gains ground at the start of the week.
  • Silver settled back above the psychologically important $50.00 level.
  • Platinum gained 2% as demand for precious metals increased.

Gold

Gold
Gold 241125 Daily Chart

Gold climbed back above the $4050 level and is trying to settle above the $4100 level as traders are bullish despite strong dollar.

If gold manages to settle above $4100, it will move towards the resistance level at $4170 – $4180.

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Silver

Silver
Silver 241125 Daily Chart

Silver attempts to settle above the $50.50 level as traders focus on the strong performance of gold markets.

A move above $50.50 will open the way to the test of the resistance level at $52.60 – $52.80.

Platinum

Platinum
Platinum 241125 Daily Chart

Platinum moved back above the resistance at $1520 – $1530 amid rising demand for precious metals.

If platinum settles above the 50 MA at $1560, it will head towards the resistance at $1620 – $1630.

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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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