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Gold, Silver, Platinum Forecasts – Gold Tests Support At $2870 As Dollar Rallies

By:
Vladimir Zernov
Published: Feb 27, 2025, 18:05 GMT+00:00

Key Points:

  • Gold is trying to settle below the support at $2870 - $2880.
  • Silver tests support at $31.45 - $31.75.
  • Platinum pulled back towards the $950 level.
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In this article:

Gold

Gold
Gold 270225 Daily Chart

Gold tests support at $2870 – $2980 as traders focus on U.S. dollar’s rally, which was triggered by Trump’s plans to impose 10% tariffs on China.

A move below the $2870 level will push gold towards the next support level, which is located in the $2780 – $2790 range.

Silver

Silver
Silver 270225 Daily Chart

Silver is under pressure as traders react to the pullback in gold markets and focus on strong dollar.

A successful test of the support at $31.45 – $31.75 will open the way to the test of the next support level at $29.75 – $30.00.

Platinum

Platinum
Platinum 270225 Daily Chart

Platinum tests new lows amid broad sell-off in precious metals markets. RSI remains in the moderate territory, and there is plenty of room to gain momentum in the near term.

If platinum stays below the $950 level, it will get to the test of the support at $935 – $940.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

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