Gold has slight weakness near record-high

Gold prices is expected to continue the upward movement and print new record highs. At the current time, the price looks trading lower slightly but keeps maintaining its position. Traders will assume that the price continue the bullish trend and reach a new record high. However, the reactions after the Fed’s FOMC meeting might be the final confirmation of where the price will move next.

Today’s critical levels to watch:

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

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

Silver consolidating near $30.00

Silver prices mostly sideways after the climb above $30.00. The price has not continued its bullish movement toward $31.50. At the current time, it is consolidating above $30.00 and will wait for the catalyst to move. If the price could close above $31.50 and print a new higher swing high then the bullish trend will continue.

Today’s Critical levels to watch:

Support: $30.00, $29.00

Resistance: $31.50, $32.50, $35.25

Crude oil stabilizing

The bearish movement of crude oil prices stopped near the support area shown on the daily chart. The price seems stabilizing and might consolidate near the current level. We think the price will continue the bullish movement after forming the support area. Traders could use the current area as a place to add long positions.

Today’s critical level to watch:

Support: $77.13, $70.00, $67.20, $65.00

Resistance: $80.00, $83.85