Gold testing $1,680 support level

The bearish correction of gold prices slip below $1,700 handle and settle near $1,680. Today, the price continues its test on the $1,680 support level. There was breakout below the level but the bull manages to bring the price back above $1,680.

If the bull could close the price above $1,680 then there is a chance for the price to start moving higher.

Today critical levels to watch:

Support: $1,680

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

Silver bounce from $15.00

Silver prices completed its correction with a bullish bounce from $15.00 today. The upward movement currently testing $15.20 level. If the price could close above $15.20 then silver might extend its bullish movement toward the $16.00 resistance level.

Today Critical levels to watch:

Support: $15.00, $14.40

Resistance: $15.20, $15.60, $16.00

Crude oil more bearish pressure

Crude oil bearish pressure continues to mount and the price currently falls toward $15.00. The price might continue under bearish pressure the rest of the month. However, next month it is possible crude oil prices will reverse its bearish direction as OPEC production cut implemented.

Meanwhile, it might be good chance for the bull to enter long positions when the bearish pressure subside.

Today critical level to watch:

Support: $15.00

Resistance: $20.00, $25.00