Gold new higher high
Gold prices finally printed a higher high in today’s trading session. The price is expected to continue its bullish movement and target the $1,780 – $1,800 resistance level. Traders who have long positions will continue to hold the positions for now. If the price could close above $1,800 then the long-term trend will turn into bullish again.
Today critical levels to watch:
Support: $1,700, $1,680, $1,550, $1,500
Resistance: $1,780, $1,800
Silver extend bullish movement above $25.00
The upward movement of silver prices continues after the price stalled at the $25.00 resistance level. At the current time, the silver price has returned inside the $25.00 – $26.00 range and might consolidate inside it. Traders will wait for further bullish confirmation above $26.00 to confirm the long-term bullish trend.
Today Critical levels to watch:
Support: $25.00, $21.35, $20.00
Resistance: $26.00, $27.00, $30.00, $31.50
Crude oil limited near $60.00
There is no major development in crude oil price movement yet. The price continues trading near $60.00 and might close the week near it. Traders will continue to hold long positions while expecting a bullish bounce to happen in crude oil prices.
Today critical level to watch:
Support: $60.00, $57.60, $55.80, $54.50
Resistance: $65.00, $67.20, $70.00