Gold, Silver, Platinum Forecasts – Gold Stays Above $2150 As Traders Prepare For Fed Decision -


Gold 190324 Daily Chart

Gold remains stuck near the $2150 level as traders are not ready for big moves ahead of Fed decision, which will be released tomorrow.

The support at $2140 – $2150 has been tested several times and proved its strength. If gold stays above the $2150 level, it will head towards the resistance at $2190 – $2200.


Silver 190324 Daily Chart

Silver pulled back below the $25.00 level as gold/silver ratio climbed above 86.50.

If silver stays below $25.00, it will head towards the nearest support, which is located in the $24.40 – $24.60 range.


Platinum 190324 Daily Chart

Platinum remains under strong pressure as traders focus on the continuation of the sell-off in palladium markets, which are down by 4.15%.

RSI remains in the moderate territory despite the significant pullback, so there is plenty of room to gain additional downside momentum.

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

This article was originally posted on FX Empire


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.