Gold major bearish pressure

Gold prices extend the bullish movement above the $2,000 handle for a few days. However, the upward pressure looks to recede, and the price experienced major bearish pressure today. It might start a bearish correction with $1,950 as target. Traders could use the moment for chance to enter long positions near support levels when there is bullish reactions.

Today’s critical levels to watch:

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

Resistance: $2,069, $2,074

Silver reached $26.00

Silver prices finally reached the $26.00 resistance level and completed the current bullish movement. Major bearish reactions happen which could continue toward $25.00 and $23.90. Nevertheless, if the price could maintain the positions and show a bullish reaction from either $25.00 or $23.90 then traders could enter long positions.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil resuming the bullish movement?

Not much movement in crude oil prices today as the price is trading near the opening level. If the price continues the upward movement then it will continue the current bullish leg for the medium-long term. On the other hand, a bearish movement from the current level could bring the price down to test the $77.13 support level.

Today’s critical level to watch:

Support: $77.13, $70.00, $65.00

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