Gold more compression

Gold calmly traded inside the triangle area and near $1,200 level. There is no change to the outlook and volatility might slowly die out nearing The Fed interest-rate decision. The breakout direction is unknown, but following the major trend, we might see a downward breakout. Traders might want to continue waiting until the actual news release.

Today critical level to watch:

Support: $1,200, $1,189.20, $1,160

Resistance: $1,210, $1,220

Silver continues rangebound trading

Silver joined gold in the rangebound trading. Similar to gold, there is nothing to do at the moment in silver other than waiting on the sideline.

Today critical level to watch:

Support: $14.00

Resistance: $14.40, $15.00

Crude oil solidifying road to the upside

Crude oil notched another bullish close above $70.00 and confirmed current bullish leg. We have moved the Fibonacci Retracement level to the latest bullish leg. Currently, we have $74.04 and $76.12 as the target level for the new bullish leg.

Today critical level to watch:

Support: $70.00, $67.20, $65.78, $65.00

Resistance:  $72.50, $74.80