Gold testing $1,680 support level

Gold prices experienced sell-off below $1,680 yesterday but managed to close the day above the support level. Today, the price is under pressure again and currently testing the $1,680 support level. If the price could bounce and close above $1,700 then traders will expect gold to turn positive.

Today critical levels to watch:

Support: $1,680

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

Silver bearish pressure below $15.00

The bearish pressure on silver pushed the price down below $15.00. No bullish reaction at the current time, it is possible the price will continue its bearish movement to target $14.40 and $14.00. As long as there is no bullish close on the chart, traders will observe the situation.

Today Critical levels to watch:

Support: $14.40

Resistance: $15.00, $15.20

Crude oil needs more confirmation

After the historic drop to below 0 points, oil prices make recovery today. Crude oil traded above $10.00 but may come under pressure again in the coming days. The current price movement caused by an oversupply of oil and might happen for the short-term. Production cut will take place next month which might help the price to recoup losses.

At the current time, traders could look for a cheaper price to enter long positions.

Today critical level to watch:

Support: $0

Resistance: $20.00