Gold
Gold moved lower despite U.S. dollar’s pullback and falling Treasury yields. Traders are not ready for big moves ahead of Fed Interest Rate Decision.
In case gold declines below the support at $4170 – $4180, it will move towards the 50 MA at $4096.
Silver
Silver tested new highs but lost momentum and pulled back as traders decided to take some profits off the table after the strong rally.
The technical picture remains bullish as silver settled above the resistance level at $58.60 – $58.80.
Platinum
Platinum suffered a sell-off after yesterday’s rally. Palladium markets have also found themselves under strong pressure.
A successful test of the support at $1620 – $1630 will push platinum towards the 50 MA at $1596.
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