Gold stick near the box area

Gold prices can stay above the green box area and are waiting for bullish momentum to continue their upward movement. As in the previous analysis, if there is a further decline then the $2,150 point could be a downside target. Meanwhile, points like $2,500 and $2,600 will be targets for the bulls. Traders could continue to use the green box area as a place to enter long positions for now.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver sideway movement

Silver price is trying to move up, but there seems to be a bearish reaction. The price is seen moving down below its opening point and has the opportunity to continue weakening towards the $25.00 – $26.00 area. If the price can reach this area then traders can use this opportunity to add long positions when a bullish reaction occurs. Meanwhile, the price could continue trading sideways too near the current level.

Today’s Critical levels to watch:

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

Resistance: $30.00, $31.50

Crude oil testing $83.85

Crude oil prices experienced bullish pressure and now trading near $83.85. Even though it is bullish, it seems that the bullish pressure that is occurring does not have strong momentum. If the price can continue its upward movement with strong bullish momentum then the $90.00 point is the upside target. Meanwhile, if the decline still occurs then the $80.00 point and the trendline are the targets for the decline.

Today’s critical level to watch:

Support: $80.00

Resistance: $83.85, $85.00, $90.00