Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests Historic Highs As Traders Prepare For Fed Decision

Gold

Gold tests new highs as traders worry about Fed independence and bet that the central bank will cut rates at the meeting on Wednesday.

If gold stays above the $3660 level, it will head towards the $3700 level. RSI remains in the overbought territory, but demand for gold stays strong.

Silver

Silver climbed above the $42.00 level as traders focused on the strong performance of gold markets.

From the technical point of view, silver settled above the resistance at $41.30 – $41.50 and is moving towards the $43.00 level.

Platinum

Platinum continues its attempts to settle above the resistance level at $1400 – $1405.

In case platinum manages to settle above this level, it will head towards the next resistance at $1450 – $1455.

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