Gold recover before Fed speech

Gold tumbles below $1,200 today but managed to recover the floor and aiming to close the day on the positive side. Tomorrow, the market will observe the speech by Fed President Jerome Powell. In recent week, The Fed showed hawkish comment and on track to raise interest-rate as planned. Further hawkish note in Wednesday speech could push gold to the downside.

Today critical level to watch:

Support: $1,200

Resistance: $1,210, $1,220, $1,234

Silver slip below $14.00

There is no hope for the bull as the price continue its slip below $14.00. However, the bull makes attempt to bounce near the support level. We expect silver will close the day near $14.00 and waiting for next direction.

Today critical level to watch:

Support: $14.00

Resistance: $14.40, $15.00, $15.60

Crude oil no bullish close yet

This could be the longest bearish streak in crude oil following the drop from $67.94 high to as low as $56.85. Crude oil closed lower for the eleventh day and looks will make another lower close. Under the current situation, traders who are looking for a long position might want to wait until the price hit $54.50 before deciding to place long positions.

Today critical level to watch:

Support: $55.00, $54.50

Resistance: $60.00, $61.79, $63.00, $65.00