Gold stick near $1,780

There is no reaction from the $1,780 resistance level yet. Gold prices have reached the target and might extend its bullish movement toward $1,800. At the current time, traders will monitor the price reaction near $1,780 – $1,800. We might see an initial bearish reaction, but traders might want to delay entering positions after the bearish movement has been confirmed but strong close.

On the other hand, if gold prices could climb and close above $1,800 then the bullish trend expected to continue to target daily SMA 200.

Today critical levels to watch:

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

Resistance: $1,780, $1,800

Silver closed near $26.00

Last week, the price climbed and attempted to close above $26.00. However, at the end of the week, the price settled below the level. This week, silver prices might consolidate between $25.00 – $26.00 and waiting for a trigger to move. Traders need a close confirmation above $26.00 to confirm the continuation of the long-term bullish trend.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

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

Crude oil hanging at the middle of $60.00 – $65.00

The price of crude oil bounced from the $60.00 support level and is expected to continue its bullish trend toward $65.00, $70.00, and higher. At the current time, the price trading below $65.00 and waiting for a further trigger to move. It is better to continue to hold long positions for now and avoid short positions.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00