Gold (XAUUSD), Silver, Platinum Forecasts – Precious Metals Pull Back Amid Profit-Taking

By:

Vladimir Zernov

Published: Jan 7, 2026, 17:08 GMT+00:00

Key Points:

Gold failed to settle above the $4500 level.
Silver pulled back below the psychologically important $80.00 level.
Platinum tested support at $2245 - $2265.

Gold

Gold 070126 Daily Chart

Gold made an attempt to settle above the $4500 level but lost momentum and pulled back.

If gold settles below the $4450 level, it will head towards the support level at $4370 – $4380.

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Silver

Silver 070126 Daily Chart

Silver pulled back as gold/silver ratio climbed back above the 56.50 level. Traders take some profits off the table near historic highs.

A successful test of the support at $77.50 – $78.00 will push silver towards the next support level at $70.20 – $70.80.

Platinum

Platinum 070126 Daily Chart

Platinum retreats amid profit-taking. Currently, platinum is trying to settle below the support at $2245 – $2265.

In case this attempt is successful, platinum will head towards the next support level, which is located in the $2050 – $2070 range.

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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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