Gold stick near $2,000

The situation of gold prices is bullish and the price managed to maintain its position above the $2,000 handle. Traders expect the price to continue the bullish movement and print a new record high. Each bearish correction is a chance for traders to enter more long positions at a lower level. On the lower side, $1,953 is the next support level to watch.

Today’s critical levels to watch:

Support: $2,000, $1,950, $1,900, $1,850

Resistance: $2,069, $2,074

Silver stick near $25.00

The upward movement of silver prices has brought the price up and closed near the $25.00 resistance level. The price currently consolidating near the $25.00 level and will wait for reactions. If the price starts moving lower then traders could use the $23.90 and $23.00 level as place to enter more long positions.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil is waiting for confirmation

The movement of crude oil prices looks sideways since the gap up last week. The price keeps trading sideways and waiting for the catalyst to move. If the price trade lower then traders could use the $77.13 level as a place to enter long positions. On the upside, a new higher high will confirm the price’s next bullish leg.

Today’s critical level to watch:

Support: $77.13, $70.00, $65.00

Resistance: $80.00, $85.00, $90.00, $95.25