Gold continues bearish movement

The Fed FOMC meeting delivered a bearish wave on the global market. Stock markets are pulling back and the U.S. dollar index continues gaining across the board. Gold prices also made a bearish movement which closed below the trendline. It seems the trend has broken now and the price might continue the bearish trend to target a new lower swing low or the daily SMA 200.

Today’s critical levels to watch:

Support: $2,600, $2,550, $2,530

Resistance: $2,685, $2,750, $2,800, $2,841

Silver bearish continuation

The bearish movement in silver prices continued with the price breakout below the trendline. The price also made a lower low below the $30.00 handle. If the bearish movement continues, then $27.50 will become the bearish target to watch. Under the current situation, traders better maintain a bearish view on the price until it returns above $30.00 or forms a new higher swing high.

Today’s Critical levels to watch:

Support: $30.00, $29.00

Resistance: $31.50, $32.50, $35.25

Crude oil stick near $70.00

Most instruments are falling against the U.S. dollar, but crude oil prices look to stabilize near $70.00. The price might continue consolidating near the $70.00 handle for now. Traders will wait for further reactions in the crude oil prices. The next higher swing high or lower swing low might become the confirmation of the next direction.

Today’s critical level to watch:

Support: $67.20, $65.00

Resistance: $70.00, $77.13, $80.00, $83.85