Gold hanging near $1,750

The price of gold is expected to continue its bullish movement and target the $1,780 – $1,800 resistance area. No change to the strategy yet, traders who have long positions will continue to hold the positions for now. Meanwhile, traders who want to enter long positions might need to wait until the price reach the resistance level and make a bearish correction.

Today critical levels to watch:

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

Resistance: $1,780, $1,800

Silver maintain the $25.00 – $26.00 range

Silver prices pushed lower and closed below $25.00 on Monday’s trading session. Fortunately, the price managed to stage a comeback and closed above $25.00 yesterday. Traders will expect the price to continue trading between $25.00 – $26.00 for now with a bullish bias.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

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

Crude oil has not left the $60.00 level

Crude oil sideways movement still in progress near the $60.00. The price might show a bullish reaction today but it might reverse and close near $60.00 again. Nevertheless, traders will continue to hold long positions and expect the price to continue its climb toward $65.00 and $70.00 in the long term.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00