Gold neutral close, no momentum movement

Yesterday, the Fed announced interest-rate and hold a press conference. The announcement is in the market expectation and provides no clue on the future direction. Gold currently traded inside $1,480 – $1,500 range and expected to continue inside it.

Traders might want to wait until breakout to happen before placing any major positions.

Today critical levels to watch:

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

Resistance: $1,500, $1,550

Silver pressed lower below $17.73

Silver pushed lower by the bear yesterday after the Fed interest-rate announcement. The price currently traded inside $17.50 – $17.73 range and might range inside it. No clue on the next direction yet for now.

Today Critical levels to watch:

Support: $17.50, $17.00, $16.80

Resistance: $17.73, $18.00, $18.50

Crude oil tested $57.60

The bearish correction of crude oil happened after reassurance by the Saudi Arabia Kingdom that they had recovered the oil production capacity to the level prior drone attack. Crude oil tested $57.60 support level yesterday and there is a sign of bounce today. The price might trade between $57.60 – $60.00 while waiting for the next direction.

Today critical level to watch:

Support: $57.60

Resistance: $60.00, $65.00