Gold waiting for a trigger

Gold closed higher in the previous day, but not far from $1,300 support level and below previous week high. The price might continue to stick near $1,300 today as The Fed announce interest-rate. At the current time, traders will wait for the reaction near $1,300. Long positions favored if the Fed appears dovish, on the other hand, breakout below $1,300 could happen if the Fed turns extremely hawkish.

Today critical levels to watch:

Support: $1,300, $1,280

Resistance: $1,320, $1,325

Silver stick near $15.20

The price movement is similar to gold which stick near the support level before The Fed rate announcement. There is nothing to do at the moment. Traders will wait for a clue on the precious metal next movement. The price could either bounce from $15.20 or breakout below it.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil reached resistance $59.50 – $60.00

A bearish reaction happened in crude oil when the price test $59.50 – $60.00 resistance. It produces a bearish pin bar pattern and might be triggered for bearish correction. Currently, there is no breakout below the pattern yet and the price making another attempt to move higher and test the resistance.

Today critical level to watch:

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

Resistance: $60.00