Gold and Silver Technical Analysis Forecast ahead of FOMC decisions 09/18/2013
The Gold
has declined to reach the first support level of $1392, and we expect further
drop on the short term trading toward $1240 per ounce.
Concerning
today’s trading session, we expect it will recover a little, as it is considered
as a safe haven asset ahead of FOMC decisions.
As we
have mentioned in our technical analysis of yesterday, the Silver/USD pair has succeeded to reach the target of
21.66-2155 area.
We expect
further decline of the prices toward $21.35, and if it breaches down this
level, the next target wil be to the 21.08-2081 area.
The key
resistance levels of the Silver/USD
pair will be at : R1: 21.90 , R2 :22.38
We recommend our dear traders to be coutious, as today ewe wait the
release of FOMC decions and Bernanke testimony, which wil affect the prices and
the market direction.
