Gold target $1,780 – $1,800 area?

Gold prices bounced from the $1,680 – $1,700 area and building more bullish momentum. The price might continue upward and target the $1,780 – $1,800 area. Trades will monitor the price reaction from the current level and the Fed interest-rate decision this week. If gold prices could continue the upward movement and close above $1,800 then the trend might shift from bearish to bullish.

On the other hand, a bearish breakout below $1,680 will trigger a bearish continuation.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver stick near $18.50

Silver prices mostly move in a sideways manner near the $18.50 support level. The price might continue the consolidation near the level until the announcement of interest-rate by the Fed this week. If the price breakout with strong bearish momentum then traders will continue to wait near the next support level.

On the other hand, a bullish bounce from the current level will have $20.00 and $21.35 as upward targets.

Today’s Critical levels to watch:

Support: $18.50

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

Crude oil stick falls below $95.25

Crude oil prices are back under bearish pressure as the price could not climb and closed above $106.00. At the current time, the price fall below the $95.25 support level and might attempt to move further lower toward $90.00. Traders might want to stay sideline for until and watch the price reaction after the Fed FOMC meeting this week.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00