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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests The $80.00 Level

By: 
Vladimir Zernov
Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests The $80.00 Level

Key Points:

  • Gold is heading towards the $4500 level amid rising demand for precious metals.
  • Silver gained 5% as gold/silver ratio dropped below 56.00.
  • Platinum is moving towards the $2400 level.

Gold

Gold
Gold 060126 Daily Chart

Gold moved towards the $4500 level amid rising geopolitical tensions, which provided significant support for precious metals markets.

If gold climbs above $4500, it will head towards the resistance level at $4540 – $4550.

Silver

Silver
Silver 060126 Daily Chart

Silver rallied above the $80.00 level as gold/silver ratio declined below the 56.00 level.

In case silver stays above $80.00, it will head towards the next resistance at $83.50 – $84.00.

Platinum

Platinum
Platinum 060126 Daily Chart

Platinum tests new highs as the strong rally continues. Platinum moved above the resistance at $2245 – $2265 and is trying to settle above the $2380 level.

In case this attempt is successful, platinum will head towards the next resistance at $2510 – $2530.

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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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