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Gold (XAUUSD), Silver, Platinum Forecasts – Spot Gold Is Heading Towards $4000

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is trying to settle above the $3990 level.
  • Silver pulled back amid profit-taking.
  • Platinum remained stuck near resistance at $1620 - $1625.

Gold

Gold
Gold 071025 Daily Chart

Gold tests new highs, supported by FOMO trade and worries about political crisis in France.

A move above the psychologically important $4000 level will provide gold with an opportunity to gain additional upside momentum.

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Silver

Silver
Silver 071025 Daily Chart

Silver is moving lower as gold/silver ratio climbed above the 83.00 level. Traders take some profits off the table near historic highs.

A successful test of the support at $47.00 – $47.20 will push silver towards the next support level at $44.25 – $44.50.

Platinum

Platinum
Platinum 071025 Daily Chart

Platinum continues its attempts to settle above the resistance level at $1620 – $1625.

If platinum manages to stay above the $1625 level, it will head towards the next resistance at $1730 – $1735.

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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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