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

Gold

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 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 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.

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