Gold higher high, testing $1,850

Gold prices slightly lower in the middle of the previous week. However, the bearish pressure recedes and the price could close the week higher. This week, the price extend its bullish movement and has surpassed the previous week’s high. If the price could continue to maintain bullish pressure and close above $1,850 also daily SMA 200 then traders will expect bullish continuation toward $1,900 and $2,000.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850

Silver continue bullish scenario

The long-term bullish target of silver is located at $31.50. The price currently building more bullish pressure and set to test the previous week’s high. Traders will continue to hold long positions and wait for a bearish correction to add more long positions.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $30.00, $31.50

Crude oil stick near $65.00

Crude oil prices pushed lower and closed below $65.00 last week. However, the bearish pressure recedes and the price immediately returns and closed above $65.00. No conclusion yet on the next movement. We think crude oil will continue its bullish pressure toward $70.00 in the medium-long term.

Today critical level to watch:

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

Resistance: $67.20, $70.00