Gold extends bullish movement above $1,900

Gold upward movement expected to continue and target $1,950 also $2,000 handle. The price printed higher high today but lose its upward momentum. At the current time, gold prices trading near its opening level. If the bearish pressure starts to mount again then a test on $1,900 will happen.

Traders could use the chance to add more long positions on bullish reactions.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $2,000

Silver aiming toward higher resistance level

The bounce from the trendline has brought silver prices to move higher. The price has moved above the previous day’s high and will aim to reach $29.00, $30.00, and $31.50 resistance level. Traders will continue to hold long positions while waiting for a bearish correction to enter more long positions.

Today Critical levels to watch:

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

Resistance: $29.00, $30.00, $31.50

Crude oil breakout from the box area

A breakout above the yellow box area finally happens today. Crude oil prices climbed above $67.20 and were set to target the $70.00 resistance level. No change to the bullish outlook yet, traders will observe the price reaction near the $70.00 resistance level.

If the price could breakout above $70.00 then the next level to watch is $77.00

Today critical level to watch:

Support: $67.20, $65.00, $60.00

Resistance: $70.00