Gold fall below $1,953

The gold price continues to weaken below the $1,953 point so there is a chance for a move toward the $1,900 point and the daily SMA 200. Still the same as before, traders will be waiting for a bullish reaction near the support point for opportunities to enter long positions on the gold price. As long as no lower swing low points are formed, the trend will continue to be bullish.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850

Resistance: $2,000, $2,069, $2,074

Silver continues lower inside $23.00 – $23.90

Silver prices pushed below $23.90 and are likely to continue their move toward $23.00. For now, the price will continue its consolidation within the $23.00 – $23.90 area and traders will be waiting for a bullish reaction. When a bullish reaction occurs, it is an opportunity for traders to enter long positions.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil is set to retest $77.13

Bearish pressure was experienced by the price of crude oil which managed to close below $80.00. For now, the price is entering a bearish correction phase and there are opportunities for movement towards $77.13. If the price reaches that point and gives a strong bullish reaction then traders can enter long positions.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00, $65.00

Resistance: $85.00