Gold bounced from $1,680 – $1,700

There was a bounce from the $1,680 – $1,700 support area last week. Gold prices escaped the breakout below the area and now formed a double bottom pattern. If the price could continue upward and close above the $1,780 – $1,800 area then the trend will switch from bearish to bullish for the long term.

Today critical levels to watch:

Support: $1,700, $1,680, $1,550, $1,500

Resistance: $1,780, $1,800

Silver testing $25.00

A bearish breakout happened in silver prices below $25.00. The price might have entered a bearish trend now. However, if the price could close above $25.00 then it still has a chance to continue the long-term bullish trend. At the current time, traders will wait for a further reaction from the $25.00 level.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00, $27.00, $30.00, $31.50

Crude oil maintain the level near $60.00

Crude oil prices steady near the $60.00 support level. We expect the price to bounce and continue its long-term bullish trend. At the current time, trades will continue to hold long positions while waiting for a reaction. If the price continues its bearish movement then $54.50 – $55.80 is the support area to watch.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00