Gold holding out near the $1,850

Gold price range continues to tighten as the price stick to near $1,850 and daily SMA 200. There is no strong reaction from the level as of now. Traders seem becoming cautious as the Fed will meet and decide future policies on interest-rate again this week.

We might see some major movement after the announcement from the Fed.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $1,950, $2,000

Silver stay inside $25.00 – $26.00

Silver prices continue trading inside the $25.00 – $26.00 area without a sign of a breakout. At the current time, traders will continue waiting for the price to move out of the range before placing major positions. We still think silver will continue its bullish trend and target $30.00 – $31.50.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $30.00, $31.50

Crude oil return above $52.40

There was a breakout and close below $52.40 but crude oil price managed to return above the level yesterday. Crude oil prices range currently span between $52.40 – $55.00. As long as there is no major bearish momentum below $52.40, traders could hope the price to continue its bullish trend.

Today critical level to watch:

Support: $52.40, $50.00, $49.00

Resistance: $54.50, $55.00