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

Gold

Gold tests new lows as traders focus on strong dollar, which is moving higher after the release of the encouraging GDP Growth Rate report.

A successful test of the support at $3275 – $3285 will open the way to the test of the next support level at $3200 – $3210.

Silver

Silver is under pressure as traders react to U.S. dollar’s rally and prepare for Fed decision.

A move below the support at $37.30 – $37.50 will push silver towards the next support level at $35.65 – $35.85.

Platinum

Platinum is under strong pressure amid broad pullback in precious metals markets.

In case platinum declines below the support level at $1345 – $1350, it will head towards the next support at $1300 – $1305.

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