Gold more record high

The bullish trend is still ongoing in gold prices and prices will continue to move up to form new record highs. There’s not much a trader can do right now if they don’t have a long position. The possibility of a rate cut in U.S. interest rates this year has provided a breath of fresh air for the U.S. dollar counterparty. For now, traders can only wait for a bearish correction to the support point for opportunities for long positions.

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance:

Silver extends bullish movement above $26.00

Just as the price of gold continues to move up, the price of silver also continues to strengthen. The important resistance point of $26.00 has been broken so the long-term trend of silver prices is currently very bullish. Traders will wait for a bearish correction toward $26.00 for the opportunity to enter a long position.

Today’s Critical levels to watch:

Support: $26.00, $25.00, $23.90, $23.00

Resistance: $30.00, $31.50

Crude oil maintains bullish pressure

As written in previous analyses, the price of crude oil is moving towards the resistance point of $90.00. Every bearish correction that occurs in crude oil prices will be an opportunity for traders to add to long positions. The upside target is the formation of a higher swing high above $95.00.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00