Gold upward pressure

The gold price is currently trading between $1,953 – $2,000 and is trying to continue its upward movement. In the long term, the price is in a bullish trend and will continue to move up to form a new record high. The Fed meeting next week is likely to have an impact on price movements. If there is a decline then it is an opportunity for traders to enter long positions near the support point.

Today’s critical levels to watch:

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

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

Silver continues above $25.00

Silver prices are near the $25.00 point and are still building on the bullish pressure. For now, there is no significant upward movement so the situation can be said to be neutral. If a bearish rejection occurs then traders can wait for the price to lose its bearish momentum and a bullish reversal pattern occurs. The $23.90 level can be used as a place to enter long positions.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil continues near $77.13

Bearish rejection experienced by crude oil prices near the point of $77.13. However, the bearish situation did not last long and now the price continues to move near $77.13. When the price can make a close above $77.13 or the bearish trendline then the bullish trend can resume. However, if a decline occurs, the blue trendline line below can be the target of a decline.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00