Gold reaches $1,780 target

Gold produces bullish pressure today, continuing the previous day’s bullish close. The price managed to reach $1,780 – $1,800 resistance area. If the price could close above $1,800 in several days then the medium-long-term bullish trend is confirmed.

Traders might want to avoid short positions at the current time or only enter short-term short positions with a tight stop.

Today critical levels to watch:

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

Resistance: $1,780, $1,800

Silver surpass $26.00

The bullish movement of silver has crossed the $26.00 resistance level. If the price could close the day above $26.00 then we will have a medium-long-term bullish confirmation. Traders who have long positions will keep holding the positions for now.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

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

Crude oil waiting for further bullish momentum

Crude oil launched from the $60.00 support level and set to target $65.00 also $70.00. The price currently hanging below $65.00 and will wait for further bullish pressure to continue its bullish movement. Traders might want to avoid short positions near $65.00 later when the price reaches the level.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00