Gold limited upside before The Fed

The gold bull emerges as the winner in today early trading session, the price reach as high as $1,315 before turning back to its opening level. Traders and investors are waiting for The Fed interest-rate decision today. Expectation sees no rate-hike, followed by an affirmation of dovish stance by the Fed.

Gold price trend will depend on today news. We think the precious metal will maintain its bullish direction and reach $1,337. Traders could watch $1,300 as the level to enter long positions.

Today critical level to watch:

Support: $1,300, $1,290, $1,280

Resistance: $1,337

Silver further higher high

The price of silver continues¶ moving upside ignoring risk-averse sentiment before The Fed. It is only a few cents from $16.00 before it turned lower. If a silver bull could continue to maintain the level above previous day high and close above it then we will see $16.00 tested soon.

Today critical level to watch:

Support: $15.60, $15.20, $15.00, $14.40

Resistance: $16.00

Crude oil finally break above $54.50?

Crude oil move as expected inside $52.40 – $54.50 area and currently challenging the top of the area. The upward movement happens before the Fed interest-rate decision and after U.S crude oil data release. Today data release show less surplus of 0.9 million barrels vs. 3.0 million barrels surplus expectation. Will we finally see a breakout above the resistance?

Today critical level to watch:

Support: $52.40, $50.00, $49.00

Resistance: $54.50, $55.00