Gold bullish attempt above $1,780

The bullish pressure in gold price continues building up today after the previous day’s bullish close. The price shake-out the bearish pin bar pattern and is expected to start moving upward to $1,800. A consolidation between $1,780 – $1,800 might happen before the price could continue its climb toward $1,850 and daily SMA 200.

Today critical levels to watch:

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

Resistance: $1,780, $1,800

Silver more consolidation near $26.00

The price of silver keeps pressuring the $26.00 resistance level and looking to break out above it. No close above the level yet and it is possible a bearish correction toward $25.00 could happen. If the price moves lower toward $25.00 then traders could enter more long positions.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

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

Crude oil bearish close

A bearish close printed on crude oil daily chart. It is not far from the $65.00 handle and might indicate a bearish movement toward $60.00. We think the price will continue its bullish trend with or without another correction toward $60.00. On the upside, we will target $65.00 and $70.00.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00