Gold resumes bullish trend

Gold prices experienced a strong increase after the Fed’s interest rate announcement. The change in Jerome Powell’s tone indicates that there will be no increase in interest rates and that there will likely be an interest rate cut next year. Gold prices, as written previously, continue their bullish trend and are ready to form new record highs.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850, $1,800

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

Silver trendline bounce

The price of silver bounced very beautifully from the trendline. There is no bearish confirmation below the trendline and the price has also risen above the $23.90 level today. It seems that the bullish trend will continue immediately and the $25.00 – $26.00 area will be tested again. A close above the $26.00 point would be a confirmation of the continuation of the long-term bullish trend.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil bounce from $70.00

After dropping below the $70.00 point, crude oil prices finally managed to make a bullish reaction and started to bounce up. The current bullish movement has also exceeded the high point formed in recent days. If there are no obstacles, the price of crude oil can continue its upward movement towards $77.13.

Today’s critical level to watch:

Support: $70.00

Resistance: $77.13, $80.00, $85.00, $90.00