Gold more ranging movement near $1,680 – $1,700

Gold prices trading sideways near the $1,680 – $1,700 area. There is not much movement yet nearing the ECB rate announcement and next week’s FOMC meeting. Traders will expect the price to continue trading sideways and wait for further reactions. If there is a significant bullish reaction then traders could consider entering long positions.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver stick near $18.50

Similar to the gold prices movement, silver prices look trading sideways near the $18.50 level. The price will continue its ranging movement and traders will wait for further reactions. If the price could bounce with strong bullish momentum then silver prices will move upward to target $20.00 and $21.35.

Today’s Critical levels to watch:

Support: $18.50

Resistance: $20.00, $21.35, $23.00, $23.90

Crude oil getting near $106.00

Crude oil prices moving upward after the bounce from the $95.25 support level. At the current time, the price is getting near the $106.00 level, and soon will test it. A close above the level will confirm further bullish movement. However, a rejection from the level might bring the price down to retest the $95.25 support level again.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00