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Gold, Silver, Platinum Forecasts – Gold Pulled Back Towards $2900

By:
Vladimir Zernov
Published: Feb 11, 2025, 17:45 GMT+00:00

Key Points:

  • Gold made an attempt to settle above the resistance at $2930 - $2940.
  • Silver failed to settle below the support at $31.45 - $31.75.
  • Platinum remained stuck near the resistance at $1025 - $1030.
Gold, Silver, Platinum Forecasts
In this article:

Gold

Gold
Gold 110225 Daily Chart

Gold tested new highs but lost momentum and pulled back as traders took some profits off the table.

If gold settles below the $2900 level, it will head towards the support at $2870 – $2880.

Silver

Silver
Silver 110225 Daily Chart

Silver made an attempt to settle below the support at $31.45 – $31.75 but lost momentum and rebounded towards the $32.00 level.

In case silver climbs back above $32.00, it will head towards the resistance at $32.75 – $33.00.

Platinum

Platinum
Platinum 110225 Daily Chart

Platinum continues its attempts to settle above the resistance at $1025 – $1030.

If platinum manages to settle above the $1030 level, it will gain additional upside momentum and move towards the next resistance at $1085 – $1090.

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

About the Author

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

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