Gold bullish pressure above SMA 200

Gold prices are building bullish pressure again after the Fed rate decision yesterday. There is no change to the policy which means the Fed might let the inflation continue to increase for now. The news is positive for gold prices and traders will continue to hold long positions for now.

On the upside, $1,850 is the level to watch. A weekly close above daily SMA 200 is the bullish confirmation traders will watch.

Today critical levels to watch:

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

Resistance: $1,850, $1,900

Silver bounce from $25.00

Silver prices finally build bullish pressure and bounce from the $25.00 handle. The price is moving upward and is expected to target the $26.00 handle. A close above $26.00 is the bullish confirmation for traders to continue to hold long positions.

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 on the path higher toward $77.13

Crude oil prices extend its bullish movement today after there is no change in the Fed policy. The price is expected to continue its bullish movement and reach the $77.13 resistance level. As long as the price moving higher and there is no major bearish reaction, it is better to avoid short positions.

Today critical level to watch:

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

Resistance: $77.13