Gold hovering at the middle of $1,900 – $1,950

There is no change to the ranging situation of gold prices yet. At the current time, the price is trading in the middle of $1,900 – $1,950 and with a bullish bias. Traders will wait for a breakout and close outside of the range to confirm the next direction. If the price continues moving lower then traders could use the $1,850 and $1,800 as levels to enter long positions.

Today critical levels to watch:

Support: $1,900, $1,850

Resistance: $1,953, $2,000, $2,074.69

Silver no bullish continuation yet

The trend of silver prices is bullish but the price is currently undergoing bearish pressure. The bearish pressure pushed the price down and tested the yellow box area. Fortunately, a bounce happen and the price closed near the $25.00 handle at the end of the week. Traders will continue waiting for the price to close above $25.00 or below the yellow box area for the next direction confirmation.

Today’s Critical levels to watch:

Support: $23.90, $23.00

Resistance: $25.00, $26.00, $27.50

Crude oil has more bearish pressure

Crude oil prices continue the bearish pullback and currently testing the bottom trendline. The price has moved below $100.00 but will wait for a reaction from the trendline. If a bounce happens then there is a chance for an upper trendline retest. On the other hand, a bearish breakout could bring the price down to test $90.00 or $85.00.

Today’s critical level to watch:

Support: $100.00, $90.00

Resistance: $106.00, $130.00