Gold near the breakout point

Gold jump after previous day dovish FOMC where the Fed diminish the chance of four rate-hike this year. Jerome Powell said in the press conference, and The Fed would like to follow the gradual rate-hike and avoid driving inflation down below objective.

On the technical side, gold boosted by FOMC and reached the top trendline. The precious metal is near breakout point and only need little push outside of the green triangle. If the bull could close the price above the triangle, it is possible for gold to test $1,350 – $1,360.

Today critical level to watch:

Support:  $1,325, $1,310, $1,300

Resistance: $1,337, $1,340

Silver back to the orange range?

Silver also boosted by the FOMC press conference and the bull reclaims level inside the orange box. However, it seems the bull could not push the price higher. Will the price continue traded inside the orange box and start moving down again?

Today critical level to watch:

Support: $16.30, $16.00

Resistance: $16.50, $16.80

Crude oil bullish roll

There is nothing to stop the bull from blasting the top in crude oil. The price breakout of the triangle and $62.80 resistance and reached the level above $65.00 in just two days. Today, the bull decide to take the profit out of the market and looking for a floor to reach the level higher than $65.80 resistance.

Traders could look for long position near the trendline shown on the daily chart.

Today critical level to watch:

Support: $62.80, $62.50, $60.00, $59.00

Resistance: $65.00, $65.78