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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars 9% As Traders Buy The Dip

By
Vladimir Zernov
Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars 9% As Traders Buy The Dip

Precious metals markets rebound after the strong sell-off.

Gold

Gold 030226 Daily Chart
Gold 030226 Daily Chart

Gold attempts to settle above the resistance at $4880 – $4900 as traders use the recent sell-off as an opportunity to increase their long positions at attractive levels.

In case gold settles above $4900, it will move towards the resistance at $5100 – $5120.

Silver

Silver 030226 Daily Chart
Silver 030226 Daily Chart

Silver rallied towards the resistance at $87.00 – $88.00 as traders bought the dip.

A successful test of the $88.00 level will open the way to the test of the next resistance at $95.00 – $96.00.

Platinum

Platinum 030226 Daily Chart
Platinum 030226 Daily Chart

Platinum gained upside momentum amid broad rally in precious metals markets.

If platinum climbs above the $2265 level, it will move towards the resistance level at $2425 – $2445.

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About the Author

Vladimir ZernovFutures Trading Expert

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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