Gold extends bullish movement above the daily SMA 200

The increase from the daily SMA 200 point has started at this time with the price of gold rising quite significantly. If the price can continue strengthening and eventually form a higher swing high then the bullish trend can continue. However, it should be noted that in September the Fed will raise interest rates which could put bearish pressure on gold prices.

Today’s critical levels to watch:

Support: $1,900, $1,850

Resistance: $1,950, $2,000, $2,069, $2,074

Silver moving toward $25.00 – $26.00

The strengthening occurred at today’s silver price where the strengthening has a fairly strong bullish momentum. It seems that the price will reach the area of ​​$25.00 – $26.00 in the near future and traders will be watching the price reaction. If the price can break out of this area and close above $25.00 or $26.00 then the bullish trend can continue.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil sticks near $80.00

Crude oil prices are consolidating near $80.00 and waiting for further confirmation. Will the price immediately move up and continue the bullish trend? Or will the price go down and then test the $77.13 level again? Traders will continue to take advantage of any weakening in the price of crude oil to enter long positions.

Today’s critical level to watch:

Support: $77.13, $70.00, $65.00

Resistance: $80.00, $85.00