Gold on its track lower

Weakness in gold price continue. Although it is close as bullish candlestick Yesterday, the price continues to print lower low. The nearest support levels are $1,150 and the broken bearish channel, the price soon will reach it without any change in the sentiment.

With the upcoming Fed decision, gold face higher uncertainties. If the interest rate increased, the gold price should suffer from further pullback and reach its technical projection soon. But, with everything already priced in, it should be harder to determine what the market reaction will be.

Today critical level to watch:

Support: $1,150, $1,138

Resistance: $1,160, $1,166, $1,170, $1,177

Silver overall bearish

Contrary to gold, silver price stick near its resistance and looks to break upside. The $17 resistance already limiting the price for four days, if it can close higher and deeper above the resistance level, the silver price should move higher.

Today critical level to watch:

Support: $16.90, $16.75, $16.50, $16.40, $16.00, $15.80

Resistance: $17.00, $17.20, $17.50

Crude Oil break and successful re-test

The crude oil price jumped at the start of this week; it moves higher but faces resistance at $54.50 before reversing down. We have the bull surging in when the crude oil re-tested previous week high $52.40. With fundamental and technical aligning for bullish gain, the crude oil price should climb further.

Today critical level to watch:

Support: $52.50$51.93, $50.70, $50.00

Resistance: $54.50, $55.00