Gold wait and see

Gold descend below $1,280 stopped, and the market is waiting for next trigger. The price stay below $1,280 and looks will continue its downward movement this week. Wednesday FOMC interest-rate decision and Thursday BOE rate decision might become the trigger for next movement. If U.S dollar continues to strengthen, gold should continue its bearish trend.

Today critical level to watch:

Support: $1,258, $1,250

Resistance: $1,280, $1,300, $1,313.22, $1337, $1,390

Silver hanging at $16.80

Silver showing lack of direction near $16.80 support. The price made second-day doji pattern to save the precious metal from a further slide. There is nothing expected in silver next direction, wait for news trigger to move the precious metal away from current level.

Today critical level to watch:

Support: $16.50, $16.00

Resistance: $16.80, $17.00, $17.20, $17.50, $17.73

Crude oil stay at high

Crude oil stick near $54.50 resistance level and not showing any weakness. The black gold has more bullish advantages than bearish as fundamental side supported for more appreciation. Meanwhile, crude oil might move sideways below $54.50 and make sharp thrust above $54.50 at the end of the sideway movement. Alternatively, a decline to the blue trendline or $52.40 is an opportunity for bulls traders who miss the long entry.

Today critical level to watch:

Support: $52.40, $51.20, $51.00, $50.00

Resistance: $54.50, $55.23