Don't take any trades until Powell is done talking. On Gold we are still testing the neckline keep in mind we have bearish divergences from 1hr to 4hr charts. Overbought on 1hr charts so it is likely technically to make a lower low below 1669. We also have strong bearish divergences on the weekly, so a weekly downtrend is healthy. With that being said Silver hasn't broken down yet it as I stated before appears like it might be forming the right shoulder of a head and shoulders. Silver and Gold tend to move together and we have already established a daily downtrend on Gold, its unlikely that Silver will move up (under overbought conditions, at resistance, while Gold moves down.)
With that being said we'll have to see fomc meeting
With that being said we'll have to see fomc meeting
