Gold bullish reaction at $1,953

A bearish correction in the gold price reached $1.953 and gave a bullish reaction in yesterday’s trading. Today, the direction of movement of the gold price will be determined by the Fed’s interest rate announcement. If the price can continue its bullish run and close above $2,000 then the bullish trend could continue to aim for the record high.

Today’s critical levels to watch:

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

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

Silver movement between $23.90 – $25.00

The movement of the silver price is bullish in the medium to long term. Currently, the price is trading between $ 23.90 – $ 25.00, and will wait for developments after the announcement of the Fed. If the price can rise above the $25.00 – $26.00 area then the bullish trend can continue. On the other hand, if the decline persists then the $23.00 and $21.35 points could be downside targets.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil maintains positions above $77.13

A close above $77.13 has occurred and the crude oil price is currently holding its position above $77.13. Traders will wait for further developments and pay attention to the closing prices at the end of the week. If the price can hold above $77.13 until the end of the week then the bullish trend can continue.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00