Gold rejection from $2,000

Gold prices moved upward and reach the $2,000 resistance level yesterday. There is bearish rejection from the resistance level and gold prices settled near the opening level. At the current time, the price is trading near the opening level and waiting for further reaction. Traders will continue to hold long positions with stops below the previous swing low for now.

Today critical levels to watch:

Support: $1,953, $1,900, $1,850

Resistance: $2,000, $2,074.69

Silver testing the $26.00 handle

There was a test on the $26.00 resistance level yesterday and silver prices were slightly lower after the test. However, the price currently building bullish pressure again and is set to retest the resistance level. If the price could close above the resistance level then there is a chance of a bullish continuation toward the $27.50 resistance level.

Today’s Critical levels to watch:

Support: $26.00, $25.00, $23.90, $23.00

Resistance: $27.50

Crude oil testing $106.00 resistance level

The upward movement of crude oil prices has reached the $106.00 resistance level after the breakout from the trendline. Crude oil prices currently stick near the $106.00 resistance level, waiting for further reaction. We think the price could continue the bullish movement and target the $130.00 resistance level in the medium-long term. However, if a bearish rejection happens then traders will prepare for a downward movement toward $95.25, $90.00, and $85.00.

Today’s critical level to watch:

Support: $90.00

Resistance: $100.00, $106.00, $130.00