Gold continue bullish trend?

Gold prices stage a major bullish movement yesterday after the release of U.S CPI data. The upward movement happened before the interest-rate announcement today. Will the market maintain the bullish pressure and continue the upward movement? Alternatively, will the sentiment shift and the market turn lower to start a new bearish leg? Traders might want to wait until the release of interest-rate and market reactions before deciding on entering positions.

Today’s critical levels to watch:

Support: $1,700, $1,680, $1,600, $1,585

Resistance: $1,780, $1,800

Silver extends bullish movement toward $25.00 – $26.00?

The bullish movement of silver prices has reached the $23.90 resistance level. At the current time, there is no bearish reactions as the price stick near the level. Traders will wait for the price to make a breakout or bearish rejection from the level to confirm the next direction. If the price continues the upward movement then it will target $25.00 – $26.00 area. On the lower side, $21.35 is the bearish target to watch when bearish rejection happens.

Today’s Critical levels to watch:

Support: $21.35, $20.00, $18.50, $17.73

Resistance: $23.00, $23.90

Crude oil moving toward $77.13

The movement of crude oil prices is bullish after the bounce from $70.00. The price soon will reach the $77.13 resistance level to test it. If the price could close above $77.13 then we might see a bullish continuation. However, the price needs to print a new higher high to confirm a long-term bullish reversal. If the price get rejected and start moving lower again then it might target the level below the $70.00 support level.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $85.00, $90.00, $95.25