Gold, Silver, Platinum Forecasts – Gold Tests The $3040 Level As Fed Keeps Rates Unchanged

Gold

Gold stays close to historic highs after Fed decision. U.S. dollar pulled back from session highs, providing additional support to gold markets.

It should be noted that RSI is in the overbought territory, so the risks of a pullback are increasing.

Silver

Silver pulled back as gold/silver ratio climbed above the psychologically important 90 level.

In case silver settles below the $33.50 level, it will head towards the nearest support level, which is located in the $32.75 – $33.00 range.

Platinum

Platinum is losing ground as traders continue to take profits off the table after the strong rally from March lows.

A move below the $1000 level will open the way to the test of the support level at $980 – $985.

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