Gold
Gold moved lower as traders took some profits off the table ahead of Fed decision, which will be released soon.
From a big picture point of view, traders stay bullish and expect that Fed will cut rates and highlight the weakness of the labor market.
Silver
Silver pulled back as gold/silver ratio climbed towards the 88.00 level. Profit-taking served as the key catalyst for the move.
In case silver settles below the support at $41.30 – $41.50, it will head towards the next support level, which is located in the $39.80 – $40.00 range.
Platinum
Platinum is under pressure amid broad pullback in precious metals markets. Currently, platinum attempts to settle below the 50 MA at $1379.
In case this attempt is successful, platinum will head towards the support level at $1345 – $1350.
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