Christmas Trading can be both uneventful and chaotic – some traders rush to exit their long-held positions to take a stress-free holiday rest.
The absence of counteracting parties leads to more erratic flows, as seen in this morning’s Stock Market action.
But away from the traditional Christmas Stock Market trading, Metals trade around global exchanges on a different set of fundamentals.
And it seems that they are the most beneficent victims of Santa’s flow.
Just today, Gold came very close to $4,500 before retracting somewhat, but allowed Silver, Platinum, and Palladium to reach multi-year highs (or set new records in the case of Silver).
Ranging from 0.70% for the Yellow Metals to above 5.50% for Platinum and Palladium, they are grabbing all the attention of the few traders that still have skin in the game before 2025 ends.
A look at the daily performance in Metals, December 23, 2025 – Source: TradingView. XAG = Silver, XAU = Gold, XCU = Copper, XPT = Platinum, XPD = Palladium
It could be the final bouts of volatility for Markets, but keep a close eye on whether geopolitical tensions arise, which could add more fuel to Commodities.
As many institutions are out to defend certain products, you can also attempt to capture some rare holiday algorithmic patterns – these require thorough study of charts and may not be found until a while.
Let’s dive in a quick overview of the daily flows and some short-term trading levels for Gold (XAU/USD), Silver (XAG/USD) and Platinum (XPT/USD).
Gold 4H Chart and Technical Levels
Gold (XAU/USD) 4H Chart, December 23, 2025 – Source: TradingView
The breakout towards new all-time highs is currently ongoing. Watch reactions when prices reach the $4,575 level (high of the measured move).
Levels to watch for Gold (XAU/USD) trading:
Resistance Levels
- $4,497 Current all-time High
- Potential new ATH resistance (Measured Move) $4,500 to $4,575
- 1.618% Fibonacci Projection $4,687
Support Levels
- Preceding All-time High Pivot $4,300 to $4,400
- Key Support and Triangle top $4,200 to $4,240
- 50-Day MA $4,150
- Major Pivot $3,950 to $4,000 (200-period MA)
- $3,700 consolidation Support
- $3,500 Major Support
Platinum 4H Chart and Technical Levels
Platinum (XPT/USD) 4H Chart, December 23, 2025 – Source: TradingView
Platinum is just going mental at this point.
Up 10% in the past 24 hours and not stopping anywhere, it really could attempt a move to catch up to Gold if things continue that way (even if there’s quite some way to go towards that target).
Platinum Technical Levels to keep on your charts:
Resistance levels
- $2,299 March 2008 All-time High
- Session highs $2,275
- $2,500 Psychological Level
Support levels
- May 2008 Support $2,050 to $2,100
- $1,950 Past Day Highs retest support
- 2025 Channel upper bound $1,850 (Mini-Support)
- 2013 and Current year highs $1,700 to $1,750
- $1,620 to $1,650 FOMC Support
- Major High Timeframe pivot $1,500 to $1,600
Silver 4H Chart and Technical Levels
Silver (XAG/USD) 4H Chart, December 23, 2025 – Source: TradingView
Silver is still following closely its upward-channel and hasn’t retraced in quite a while.
A potential Fibonacci-resistance is coming up at around $71.40 at a confluence with the top of the 4H Channel. Above this there will be not resistance until the $75 psychological level.
Levels to watch for Silver (XAG/USD) trading:
Resistance Levels:
- Daily Highs and potential Resistance $70 to $71.40
- $71.10 Session highs
- $75 Potential Psychological Resistance
Support Levels:
- Pivot $65 to $67 at Previous All-time Highs
- Major Intraday Support $61 to $63
- Pre-FOMC Support $58.00 to $60
Safe Trades and Merry Christmas!
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