PreciousMetalsTradingDeskView

Precious Metals Trading Desk View FX & Precious Metals Trading 21 August 2026

This publication was prepared by Bank J Safra Sarasin (BJSS) Trading department. The views or ideas expressed herein are those of the desk and/or the author only. The publication cannot be considered as investment research or a research recommendation for regulatory purposes. Please find further important information at the end of this document.

XAU/USD is now bullish whilst above /4600.00 is a level where many longs exited in last May ; it might be hard to get through this resistance at first attempt but eventually 4600.00 could be broken and then take Gold to 4773. 00 In our strategic book , we double up our long XAU/USD into yesterday’s dips at 4358.00.

XAG/USD must remain above 63.76 to remain positively oriented for an initial target of 71.55 We are long XAG/USD in our strategic book and might unwind some above 70.00

Platinum is above 1712.00 for a continuation up to 1982.00

XPD/USD is neutral We expect Palladium to trade sideways in a [1145.00;1440.00] range. Intraday pivot is 1363.22

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