Gold stick near $1,680 – $1,700

Gold prices are trading upward above the $1,680 – $1,700. However, nearing the Fed FOMC meeting today, the price retrace and trades near the level. Traders will wait for the announcement today and market reactions toward the outlook given by the Fed. If the price trade lower and close below $1,680 then traders will prepare for a bearish continuation.

On the upside, $1,780 – $1,800 is the area to watch as the target.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver consolidating near $18.50

Silver prices range continues to shrink nearing the FOMC meeting today. Traders are waiting for the interest-rate announcement which will trigger volatility in the market. If the price could bounce from $18.50 then it will target $20.00 and $21.35. On the lower side, a breakout and close below $18.50 will open the path toward $16.00

Today’s Critical levels to watch:

Support: $18.50, $16.00

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

Crude oil closed near $95.25

Crude oil prices made a bullish follow-through yesterday but closed the day lower at the end of the day. The price closed near $95.25 and might continue to stick near it until today’s FOMC announcement. Traders will observe the reactions after the interest-rate announcement. At the current time, the price range span between $95.25 – $106.00. A breakout and close outside of the range will confirm the next direction.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00