Gold looking for a bearish breakout

The bullish movement of gold stopped and the price currently moves lower to test the bottom of the triangle. No bullish reaction yet at the current time. The price might continue to stick near the bottom of the triangle. Traders will observe the price reaction near the $1,900 support level.

Further weakness could push gold prices lower to target $1,850.

Today critical levels to watch:

Support: $1,900, $1,800

Resistance: $1,950, $2,000, $2,050

Silver waiting for further development

Yesterday, silver price closed near its opening level and suggesting further consolidation near the $25.00 – $26.00 area. The price might retest the level and look for a breakout below it. As long as the price stays above the area, traders could assume silver will continue its bullish trend toward $30.00 and $31.50.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35

Resistance: $30.00, $31.50

Crude oil more pressure below $38.50

The bearish pressure on crude oil prices manages to push the price to reach $38.50 today. No bullish reaction from the support level at the current time. If the price continues lower without any bullish reaction then traders will expect crude oil to target $33.00 and $30.00

Today critical level to watch:

Support: $38.50, $33.00, $30.00

Resistance: $40.00, $49.00, $50.00