Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats From Session Highs

NEW YORK (December 18) Gold made an attempt to settle above the resistance at $4370 – $4380 but lost momentum and pulled back.

If gold declines below the $4280 level, it will head towards the nearest support at $4170 – $4180.

Silver

Silver 181225 Daily Chart

Silver pulled back below the $65.00 level as traders took some profits off the table near historic highs.

From the technical point of view, silver needs to stay above the $64.80 level to have a chance to gain upside momentum in the near term.

Platinum

Platinum 181225 Daily Chart

Platinum tested new highs as the strong rally continued. RSI is in the overbought territory, so the risks of a pullback are increasing.

In case platinum settles below the $1915 level, it will head towards the nearest support at $1870 – $1880.

FXEmpire