Gold bullish attempt

A fairly strong bullish closing occurred in yesterday’s trading. This opens up opportunities for further increases in gold prices towards record highs. Today, the price is trying to continue its increase and is currently trading near yesterday’s high. In general, traders will continue to wait for a bearish correction to occur for chance to add more long positions. As long as the price does not form a lower swing low point, the trend will continue bullish.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver continues upward?

Just like the price of gold, the price of silver experienced a significant increase yesterday where the price has not fallen to the point of $26.00. This increase has the opportunity to immediately continue towards $29.00 and above. Traders will continue to use the bearish correction up to $26.00 for opportunities to add long positions. As long as the price does not form a lower swing low point, the trend will continue to be bullish.

Today’s Critical levels to watch:

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

Resistance: $29.00, $30.00, $31.50, $35.25

Crude oil testing $77.13

Crude oil prices continued their bullish movement and reached a point near $77.13. Testing of the resistance point will occur shortly and traders will wait for the price reaction. A close above $77.13 would be an initial confirmation of continued bullish movement. A close above $80.00 is needed for confirmation of bullish trend continuation.

Today’s critical level to watch:

Support: $70.00

Resistance: $77.13, $80.00, $83.85, $85.00, $90.00