Gold maintains the position above $1,700

Gold prices were under bearish pressure but maintained the $1,680 – $1,700 area. The price might continue to attempt to preserve the position above it until the Fed FOMC meeting. If the price continues moving upward then traders will expect a test of the $1,780 – $1,800 area. On the other hand, a close below $1,680 might become a bearish confirmation.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver continues upward to $20.00

Silver prices managed to close the day above the $18.50 handle and currently continue building more bullish pressure toward $20.00. If the price could trade above $20.00 and print a new higher high then the bullish trend is set to continue. However, if the price print a lower high and continue lower again, we might see a $17.50 – $17.73 area retest.

Today’s Critical levels to watch:

Support: $18.50, $17.73, $17.50, $16.00

Resistance: $20.00, $21.35

Crude oil closed above $85.00

The situation of crude oil prices is bearish as the price form a new lower low. There is a bullish reaction this week, but as long as the price continues printing a new lower low and lower high, the trend will continue to be bearish. On the upside, $90.00 and $95.25 is the resistance level to watch.

Today’s critical level to watch:

Support: $85.00

Resistance: $90.00, $95.25, $100.00