Gold set to target $2,000

Gold prices continue to experience bullish pressure as the price moves toward the $2,000 handle. There is no major bearish reaction which suggests traders continue to hold long positions and avoid short positions. If the price makes a bearish correction then traders could enter long positions near the support levels.

Today critical levels to watch:

Support: $1,900, $1,850

Resistance: $1,953, $2,000, $2,074.69

Silver bullish pressure toward $26.00

The upward movement of silver prices has not stopped yet. At the current time, the price is moving upward and getting near the $26.00 resistance level. If the price makes a close above the resistance level then traders could expect a long-term bullish continuation. On the other hand, a major bearish rejection will lead the price down to a retest of $25.00.

Today’s Critical levels to watch:

Support: $23.90, $23.00

Resistance: $25.00, $26.00, $27.50

Crude oil stick near $106.00

Crude oil prices bounced from $95.25 and broke above the trendline to continue the upward movement. At the end of the week, the price settled near the $106.00 handle. This week, the price continues to stick near the level and waiting for further reaction. Traders will continue to hold long positions as Russia – Ukraine situation has not concluded yet. We think the price could continue the bullish movement and target the $130.00 resistance level.

Today’s critical level to watch:

Support: $90.00

Resistance: $100.00, $106.00, $130.00