Gold hovering between $1,953 – $2,000

The increase in gold prices is still limited below the $2,000 point. Currently, the price of gold is still trading between $1,953 – $2,000 and is waiting for a close outside this area. Broadly speaking, the direction of the trend is bullish so gold prices still have the opportunity to continue their upward movement. Traders will now wait for further reactions after today’s Fed meeting.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850, $1,800

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

Silver bullish continuation above $23.00

Price consolidation is underway ahead of the Fed’s announcement today. The next movement of silver prices will be determined after the reaction occurs. Will the price continue the move towards $23.90? Or will the price move down towards $21.35? Traders will wait for the announcement results and market reactions today.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil resumed bearish movement toward $77.13

Closing below the triangle pattern occurred in crude oil prices so it can be said that the bearish trend will continue. The $77.13 point will be the downside target this time. Although bearish, traders will be prepared for the market reaction after the Fed’s announcement today.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00w