Gold wait near the green box area

Consolidation of gold prices is taking place near the green box area. Currently, the price is still staying at the top of this area. If there is a strong bullish bounce then the bullish trend can continue immediately. Meanwhile, if the green box area is broken down then there is a chance of a deeper correction to $2,150.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver bullish movement

The bearish correction phase is still underway in silver prices where the $25.00 – $26.00 area is the downside target. If the price immediately reverses upwards then the bullish movement can immediately continue towards the $30.00 and $31.50 points. Traders will still wait for a bullish reaction at the support point for the opportunity to add to long positions.

Today’s Critical levels to watch:

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

Resistance: $30.00, $31.50

Crude oil bearish pressure

The price of crude oil briefly moved up to test $83.85 but there was a bearish reaction. Bearish pressure occurred in today’s trading but prices are now trading within yesterday’s movement range. If the price continues to weaken then the $80.00 point and the trendline are the downside targets. When a bullish reaction occurs near these two points, traders can enter a long position.

Today’s critical level to watch:

Support: $80.00

Resistance: $83.85, $85.00, $90.00