Gold major breakout above $1,800

Gold prices finally break out above $1,800 as predicted. The price is expected to continue moving bullishly and target the daily SMA 200 or $1,850 resistance level. Traders could continue to hold long positions for now and waiting for a retracement toward $1,800 to add more long positions.

Friday U.S job data might trigger volatility in the market and traders will observe closely where the closing level of gold at the end of the week.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850

Silver bullish continuation

Although the price experiences a bearish setback and continues trading near $26.00. It launched upward today after another test on $26.00. We have higher high printed and expect the silver price to continue its bullish movement toward $31.50 in the long term.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude oil close near $65.00

The consolidation of crude oil seems will continue near $65.00. There was a bullish attempt yesterday that printed a higher high but ended the day near $65.00. The price continues trading sideways today near $65.00 and will wait for bullish momentum to continue toward $70.00.

No change to the bullish view yet, traders will continue to hold long positions for now.

Today critical level to watch:

Support: $65.00, $60.00, $57.60, $55.80, $54.50

Resistance: $67.20, $70.00