Gold staying above $1,300

Another close above $1,300 secured by the bull at gold prices. However, the close is a neutral one and showing no clue in the next direction. It seems the market will wait for further development from the Fed interest-rate announcement. Rumor sees The Fed has one more rate-hike this year. If we hear dovish tones from the Fed this week then we could expect gold to continue its uptrend toward $1,325.

Long positions at $1,300 and $1,280 could be the best option to take.

Today critical levels to watch:

Support: $1,300, $1,280

Resistance: $1,320, $1,325

Silver bounced from $15.20

Silver maintained $15.20 support and bounced from it yesterday. The price has not moved up with strong momentum yet and capped below previous day high. The bull might have the upper hand approaching the Fed interest-rate decision. After the announcement, it is possible for Silver to continue its upward movement test $15.60.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil getting near $60.00

Crude oil upward path is clear and the price has no trouble yet reaching the $60.00 resistance. We think it will touch the resistance today. Will it continue upward and test the top trendline? Traders could prepare for short positions when there is a bearish reaction from the resistance $60.00 or the top trendline.

Today critical level to watch:

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

Resistance: $60.00