Gold stick near $1,800

The consolidation near the $1,800 support level continues in the gold price. There is no major close away from the level as expected. At the current time, traders are waiting for the interest-rate announcement from the Fed. After the announcement, we might see volatility and the possibility of bounce, close above daily SMA 200.

Traders will monitor the price closing level at the end of the week. A close below $1,780 is major bearish confirmation while a close above SMA 200 is bullish confirmation.

Today critical levels to watch:

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

Resistance: $1,850, $1,900

Silver close below $25.00

We have a bearish breakout and close below $25.00 handle yesterday. It seems the trend will switch to bearish after the breakout. However, the breakout happened before the Fed interest-rate announcement. We could regard the current breakout as temporary until the interest-rate announcement.

If the price could close above $25.00 at the end of the week then the bearish outlook canceled and traders will prepare for further upward movement.

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 hovering above $70.00

The return above the $70.00 handle is bullish for crude oil. The price currently undergoes consolidation near the $70.00 handle while waiting for further bullish pressure. If the price could maintain the position above $70.00 until the end of the week then traders will expect a bullish continuation toward $77.13.

Today critical level to watch:

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

Resistance: $77.13