Gold bearish correction to test $1,680

The price of gold halt its upward movement and start a bearish correction below $1,700. At the current time, gold prices are testing the $1,680 support level. We think the price will continue its upward movement next week as long as it could maintain the positions inside $1,680 – $1,700.

Today critical levels to watch:

Support: $1,680

Resistance: $1,700, $1,750, $1,780

Silver testing $15.00 support level

Similar to the gold prices movement, silver experienced a bearish correction today. The price fall below $15.20 and currently testing the $15.00 support level. If the price could close above $15.00 by the end of the week then we could expect a bounce next week.

Today Critical levels to watch:

Support: $15.00, $14.40

Resistance: $15.20, $15.60, $16.00

Crude oil fall below $20.00

The bearish pressure on crude oil prices gets stronger today and the price makes a lower low below $20.00. At the current time, the price might continue under pressure until next month where OPEC production cut will take place.

However, a close above $20.00 by the end of the week will lead the price higher next week.

Today critical level to watch:

Support: $20.00

Resistance: $25.00