Gold waiting for a reaction from $1,850

The bearish pressure on gold prices brought the price down to test the daily SMA 200. No breakout and close below the level yet. At the current time, traders seem to wait for the announcement from the Fed FOMC meeting today. We might see major volatility in today’s trading session. It is better to wait for further reaction today before placing major positions.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $1,950, $2,000

Silver waiting for breakout

The consolidation inside the triangle pattern and $27.50 support level are in progress. Traders will wait for a breakout and close outside of the triangle range to determine silver prices next direction. Similar to gold prices, traders will wait for the Fed FOMC meeting result today.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $29.00, $30.00, $31.50

Crude oil continue bullish close

Crude oil printed more bullish close above $70.00 handle. The price constantly moving upward without any bearish close. Without any change in the situation, traders will continue to ride the current bullish movement and wait for a bearish correction. The same as yesterday, $70.00 is the support level to watch for long positions.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13