Gold continues trading sideways

Gold prices maintained the position between $1,800 and daily SMA 200. The precious metal is expected to continue trading between both levels as traders waiting for the Fed interest-rate decision this week. There is nothing traders could do for now aside from waiting for the breakout and close outside of the range before deciding the next direction.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850, $1,900

Silver stick near $25.00

There is no reaction yet from the $25.00 support level as the silver price closed near it last week. Silver prices are expected to follow the sideway movement in gold prices as traders waiting for the Fed interest-rate decision. We maintain the bullish outlook and expect the silver price to breakout above $26.00 and continue its bullish movement toward $30.00 and $31.50.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $29.00, $30.00, $31.50

Crude oil bounce from the level near $70.00

Crude oil prices bounced from the yellow box area last week and managed to close above $70.00. This week, the price started by moving lower and test the level near $70.00. We have a bounce and the price currently trading near its opening level. It seems the price will continue its bullish movement and target $77.13.

Today critical level to watch:

Support: $70.00, $67.20, $65.00, $60.00

Resistance: $77.13