Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tested The $3400 Level

Gold

Gold is mostly flat as traders wait for Fed decision. Falling Treasury yields did not provide support to gold markets as traders were not ready for big moves ahead of the key event of the week.

If gold manages to settle above the $3400 level, it will head towards the resistance at $3490 – $3500.

Silver

Silver pulls back as traders take some profits off the table near multi-year highs.

From the technical point of view, silver needs to settle above the resistance at $37.30 – $37.50 to gain additional upside momentum in the near term.

Platinum

Platinum tests new highs as the strong rally continues. Platinum has already climbed above the resistance at $1275 – $1280 and is trying to settle above the $1300 level.

In case this attempt is successful, platinum will move towards the next resistance level at $1335 – $1340.

For a look at all of today’s economic events, check out our economic calendar.