Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests Historic Highs As Traders Prepare For Greenland Tariff War

NEW YORK (January 19) Gold rallied as traders reacted to Trump’s plan to impose tariffs on countries that do not support his efforts to take control of Greenland.

In case gold stays above the resistance at $4640 – $4650, it will head towards the $4800 level.

Silver

Silver 190126 Daily Chart

Silver tests new highs as gold/silver ratio pulled back below the psychologically important $50.00 level.

A move above the $95.00 level will open the way to the test of the key $100 level.

Platinum

Platinum 190126 Daily Chart

Platinum gained some ground amid rising demand for precious metals. RSI remains in the moderate territory, so there is plenty of room to gain additional momentum in the near term.

A move above the $2450 level will push platinum towards the resistance at $2510 – $2530.

FXEmpire