Gold bullish attempt

After being pushed below the $1,953 point, gold prices seem to have begun to gain ground after the release of the U.S. job data. The movement of the gold price may turn bullish and will not reach the point of $1,900 also daily SMA 200. Traders who already have long positions will maintain them and also add positions if there is a decline reaching $1,900 and daily SMA 200.

Today’s critical levels to watch:

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

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

Silver bullish recovery

Silver prices pushed down towards the $23.00 point today. However, the bears lost their bearish momentum and the price has bounced back above its opening point. This could signal a trend change and the silver price could start to continue its bullish movement. A close above $23.90 will be the initial confirmation of a bullish trend.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil has more bullish pressure

The decline that occurred in the price of crude oil only lasted for a moment. The price managed to bounce up from the $80.00 point yesterday and is poised to continue its bullish trend. When the price can rise and form a higher swing high point, that’s when the continuation of the bullish trend is confirmed.

Today’s critical level to watch:

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

Resistance: $85.00