Gold creeping upward toward daily SMA 200

Gold prices might be under pressure before the interest-rate announcement. However, the price currently gaining slowly, and trades near the daily SMA 200. If the price could close above the daily SMA 200 at the end of the week then there is a chance of a bullish continuation toward $1,900. On the other hand, if the price continues moving lower and prints a new lower low then traders will prepare for further bearish continuation.

Today critical levels to watch:

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

Resistance: $1,900, $1,953

Silver return above $21.35

The bearish pressure on silver prices continues before the interest-rate announcement. However, silver prices managed to return above $21.35 level yesterday. There is bullish pressure today but no continuation above yesterday’s high yet. If silver continues the bullish movement then there is a chance of upward movement toward the $23.00 – $23.90 area.

Today’s Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil bearish correction?

Crude oil prices start the day under pressure and fell below the previous day’s low. At the current time, the price managed to return above the low and trade near the opening level. Will the price continue the bearish correction toward the $106.00 level? Alternatively, will the price continue moving upward to target the $130.00 handle?

Today’s critical level to watch:

Support: $106.00, $100.00, $95.25, $90.00

Resistance: $130.00