Daily Oil, Gold, Silver Technical Analysis | September 20, 2022

From fxdailyreport.com

Gold prices stick near the $1,680 – $1,700 area after the breakout. It seems traders are awaiting the announcement of the interest rates by the Fed this week. Will we see an upward movement and close above $1,700 to cancel the current bearish pressure? Alternatively, will we see a bearish continuation to target the $1,585 – $1,600 area? The movement of silver prices was mostly sideways after the bearish attempt toward $18.50. We have a bullish reaction but no continuation above the $20.00 handle yet. A close above $20.00 is needed to confirm upward continuation toward the $21.35 resistance level. Under the ... (full story)