Gold no change to the sideway situation

The movement of gold prices is mostly sideway this week which suggests that the consolidation will continue. At the current time, gold prices are trading between $1,900 – $1,950 area. Traders will continue waiting for the breakout and close outside of the range to confirm the next direction.

Today critical levels to watch:

Support: $1,900, $1,850

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

Silver waiting for trigger

Silver prices made another bullish close yesterday, distancing itself from the yellow box area. On the upside, the price needs to close above $25.00 to confirm a bullish continuation. Meanwhile, on the lower side, the yellow box area is the place to look for long positions when there is a major bullish reaction happens.

Today’s Critical levels to watch:

Support: $23.90, $23.00

Resistance: $25.00, $26.00, $27.50

Crude oil bullish pin bar pattern

Crude oil prices continue under pressure and print a lower low yesterday. However, the bearish movement also sees the recovery of the same power. The price close the day as a bullish pin bar pattern. At the current time, traders will wait for a breakout from the triangle area to confirm the next direction.

If the price continues lower then $90.00 and $85.00 are the support levels to watch.

Today’s critical level to watch:

Support: $90.00

Resistance: $100.00, $106.00, $130.00