Gold bullish continuation

Gold prices have started to move up again and, as previously written, will be targeting a new record high. The trend is still bullish and higher swing highs and higher swing lows continue to form. Since the price of gold has reached its current point, there is nothing traders can do but wait for a bearish correction. When the price makes a bearish correction and reaches the support point, traders can consider entering a long position.

Today’s critical levels to watch:

Support: $2,400, $2,143, $2,074, $2,069, $2,000

Resistance: $2,500, $2,530

Silver target $29.00

Silver prices did not reach the $26.00 mark and have already reversed upward. The price situation seems to have the opportunity to continue bullish towards $29.00. When the price can make a close above $29.00 then that is when the continuation of the bullish trend is confirmed. If the price is still moving down then the $26.00 point is a support point where traders can consider entering a long position.

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 climbs above $77.13

The increase in crude oil prices continues at this time and the price is above $77.13. As previously written, if a higher swing high point is formed then it will confirm a change in trend direction to become bullish again. Meanwhile, a close above $80.00 would be a strong confirmation that the trend has turned bullish.

Today’s critical level to watch:

Support: $70.00

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