Gold maintains bullish pressure

Gold prices continue to increase in line with the instability of the global situation. Apart from that, prices are still increasing even though the U.S. dollar index has also strengthened sharply. For now, gold prices still have the opportunity to continue strengthening and traders will wait for a bearish correction to have the opportunity to enter long positions. A bearish correction towards the green box area is expected to occur shortly. But it is possible that the price does not make a bearish correction and immediately strengthens to continue its bullish trend.

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance: $2,400

Silver target $30.00 and $31.50

Just as gold prices have strengthened, silver prices have also surpassed the $25.00 – $26.00 area. The long-term trend has turned bullish so any price decline is an opportunity for traders to add to long positions. The next upside targets are the $30.00 and $31.50 points. If a bearish correction occurs then the $25.00 – $26.00 area could become the area of focus for traders.

Today’s Critical levels to watch:

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

Resistance: $30.00, $31.50

Crude oil continues lower?

The trend of crude oil prices has become bullish but its current movement is very much influenced by the situation in the Middle East. When the conflict escalates, prices also strengthen. Technically, the price failed to rise and closed above $83.85 so now there is a chance of a decline toward the trendline and the $80.00 point. Traders will observe the price reaction at these two points for long position opportunities.

Today’s critical level to watch:

Support: $80.00

Resistance: $83.85, $85.00, $90.00