Daily Oil, Gold, Silver Technical Analysis

From fxdailyreport.com

Gold prices moved with high volatility after the Fed interest-rate announcement. At the current time, gold prices come under bearish pressure and might break out to continue the bearish movement. If the price continues its bearish movement, it might target the $1,585 – $1,600 area. Today’s critical levels to watch: Support: $1,600, $1,585 Resistance: $1,680, $1,700, $1,780, $1,800 chart Silver prices mostly traded sideways after the announcement of the Fed interest rate. No significant swing movement in the middle of the $18.50 – $20.00 area. Traders will continue waiting for the price to move and close ... (full story)