Gold stick at the $1,430 resistance

The price of the gold stick near $1,430 resistance before the Fed interest-rate decision. The situation is widely expected and traders will monitor the price reaction after the news. Although the pattern is bullish traders might want to refrain from taking positions at least until the coast is clear on both interest-rate and future interest-rate guidance.

Today critical levels to watch:

Support: $1,400, $1,390, $1,380

Resistance: $1,430, $1,450, $1,500

Silver maintain the position near $16.50

No rejection from $16.50 resistance, silver continues stick near it before the Fed FOMC meeting. Similar to the gold prices situation, silver might breakout higher but it is better to wait until the news release.

Today Critical levels to watch:

Support: $16.00, $15.60, $15.20

Resistance: $16.50, $16.80

Crude oil breakout above $57.60

The price of crude oil made an unexpected breakout above $57.60 before today FOMC meeting. It might continue higher toward $59.50 – $60.00 later. At the current time, the range might span between $57.60 – $60.00 after the announcement of interest-rate.

Today critical level to watch:

Support: $57.60, $55.80, $55.00, $54.50

Resistance: $60.00, $65.00