Gold drifted lower from $1,780

The price of gold finally shows a bearish reaction from the $1,780 resistance level. It seems the price might start moving lower toward $1,750. We think the price will maintain its bullish trend and bounce from the level. Alternatively, today bearish pressure might recede, and the gold price close near $1,780.

Traders could use the moment to add more long positions near the support level.

Today critical levels to watch:

Support: $1,750, $1,700, $1,680, $1,550, $1,500

Resistance: $1,780, $1,800

Silver more consolidation near $26.00

The consolidation near $26.00 continues as silver prices continue trading near it. However, the price currently under bearish pressure. As long as the price could maintain a close above $26.00, there is a chance for silver to resume its bullish trend.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude waiting for breakout

Crude oil prices could bounce from the $60.00 support level but the upward movement halted near the top trendline. At the current time, crude oil prices seem will continue trading sideways inside the triangle pattern. Traders will continue to hold long positions in expectation that the price will break out above the triangle pattern.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00