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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests The $67 Level

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is trying to settle above the $4350 level.
  • Silver tests new highs as gold/silver ratio pulled back below 65.
  • Platinum rallied above the $2000 level.

Gold

Gold
Gold 191225 Daily Chart

Gold continues its attempts to settle above the $4350 level as traders focus on the rally in silver and platinum markets.

The technical picture remains unchanged as gold needs to settle above the $4380 level to gain additional upside momentum.

Silver

Silver
Silver 191225 Daily Chart

Silver tests new highs as demand stays strong. Gold/silver ratio pulled back below the 65.00 level, providing significant support to silver markets.

The technical picture remains bullish, and silver has a decent chance to get to the test of the $70.00 level ahead of the New Year.

Platinum

Platinum
Platinum 191225 Daily Chart

Platinum climbed above the psychologically important $2000 level as rally continued.

RSI moved into extremely overbought territory, so the risks of a rebound are increasing.

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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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