Gold
Gold rebounds as traders use the strong pullback as an opportunity to increase their long positions.
A successful test of the resistance at $3990 – $4000 will open the way to the test of the next resistance level at $4170 – $4180.
Silver
Silver rallied above the $48.00 level as traders prepared for Fed Interest Rate Decision.
In case silver settles above $48.00, it will head towards the nearest resistance at $49.60 – $49.80.
Platinum
Platinum has also moved higher amid broad rally in precious metals markets. Traders bet that Fed will cut rates and signal that it is ready to continue the rate cut cycle.
If platinum climbs above the psychologically important $1600 level, it will get to the test of the resistance at $1620 – $1630.
Gold Price Forecast
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