Gold maintain the level near $1,680 – $1,700

The bounce from $1,680 – $1,700 area losing upward momentum. Gold prices made a bearish close yesterday and might continue lower to retest the $1,680 – $1,700 area. Nevertheless, traders are waiting for the FOMC meeting tomorrow which will decide the interest rate. If gold prices continue the bearish movement then we might see a breakout below $1,680. On the other hand, a rally from the current level could bring gold prices up to the target $1,780 – $1,800 area.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver holding out near $18.50

The consolidation near the $18.50 level has no conclusion yet. Silver prices keep making daily closes near it nearing the FOMC meeting. If the price could bounce from the level then silver prices will target $20.00 and $21.35. On the other hand, a bearish breakout below $18.50 will open the path toward $16.00.

Today’s Critical levels to watch:

Support: $18.50

Resistance: $20.00, $21.35, $23.00, $23.90

Crude oil bounced from $95.25

We have no breakout below the $95.25 support level yet which means the bullish trend is still intact. Crude oil prices bounced from the $95.25 support level and currently trading above yesterday’s high. On the upside, $100.00 and $106.00 is the upward targets. Traders will wait for the close above $106.00 or below $95.25 to confirm the next direction.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00