Gold more sideways movement

Gold prices have resumed their upward movement today, but no new higher high. The price action suggests hesitation in continuing the bullish trend, with sideways movement observed over the past few sessions. Traders should monitor the $2,789 – $2,800 support zone for potential buying opportunities when bearish correction happen. In the long term, the bullish trend remains intact, with the next significant resistance at $2,981.

If the price continues without any bearish correction, then the bullish trend will continue for a while.

Today’s critical levels to watch:

Support: $2,900, $2,800

Resistance: $2,981, $3,000

Silver bullish continuation

Silver prices experienced a bullish surge today, surpassing the previous week’s high. No bearish reactions, which mean the bullish trend will continue now. The long-term outlook remains bullish, with a target set at $35.25. If the price retrace lower, then traders will observe the reactions near previous week’s high for bullish reactions.

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil close near $67.20

Crude oil prices have been under bearish pressure today, but show bullish bounce reactions before reached the $65.00 level. A bounce has been observed, with prices moving toward $67.20. Currently, the price may continue trading between $65.00 and $67.20 while awaiting further confirmation. Nothing new yet as the price consolidating between $65.00 – $67.20. Traders will wait for breakout and close outside the range for now.

Today’s critical level to watch:

Support: $65.00

Resistance: $67.20, $70.00, $77.13, $80.00, $83.85