Gold stay inside $1,480 – $1,500

The price of gold closed inside $1,480 – $1,500 and maintain the position inside it before the Fed interest-rate decision. The next direction will be determined by the market reactions after the announcement. Gold could either continue its bearish direction inside the channel or start a bullish leg above $1,500.

Today critical levels to watch:

Support: $1,480, $1,450, $1,430

Resistance: $1,500, $1,550

Silver closed above $17.73

No successful breakout below $17.73 yet. Silver closed above $17.73 by the end of the day which confirming the neutral outlook before the Fed. Judging from the pattern, it is possible silver will continue bullish and close above the previous day high. However, traders might want to observe the closing level of silver before jump in long-term positions.

Today Critical levels to watch:

Support: $17.73, $17.50, $17.00

Resistance: $18.00, $18.50

Crude oil bounced from $54.50

The price of crude oil give a bullish reaction after the test of $54.50 and the channel. It needs a close above $55.80 to confirm the bullish outlook. At the current time, crude oil might trade between $54.50 – $55.80 until breakout happen.

Today critical level to watch:

Support: $54.50, $52.40

Resistance: $55.80, $57.60, $59.50, $60.00