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Gold (XAUUSD), Silver, Platinum Forecasts – Spot Gold Rises Towards The $3400 Level, Futures Test All-Time Highs

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold keeps moving higher as U.S. may apply tariffs to imports of gold bars.
  • Silver is flat amid profit-taking.
  • Platinum pulled back towards the $1330 level.

Gold

Gold
Gold 080825 Daily Chart

Gold made an attempt to settle above the $3400 level as traders focused on U.S. tariffs for commonly traded gold bars. Gold futures have rallied as traders reacted to this surprising development.

A move above $3400 will open the way to the test of the resistance at $3440 – $3450.

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Silver

Silver
Silver 080825 Daily Chart

Silver is mostly flat as traders take some profits off the table after the strong rally.

In case silver climbs above the $38.50 level, it will head towards the resistance level at $39.80 – $40.00.

Platinum

Platinum
Platinum 080825 Daily Chart

Platinum pulled back after an unsuccessful attempt to settle above the resistance at $1345 – $1350.

From the technical point of view, platinum remains stuck in a wide $1300 – $1350 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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