Gold waiting inside $1,780 – $1,800

Gold prices made a bullish close near the $1,800 handle at the end of previous week. The price is expected to continue the upward movement and target the daily SMA 200. However, gold prices start the week with bearish pressure and might consolidate inside the $1,780 – $1,800 area. Traders will wait for the reactions inside the $1,780 – $1,800 area.

A bearish breakout and close below $1,780 might indicate bearish continuation.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver moving upward to $21.35?

Silver prices are building more bullish pressure and are set to target the $21.35 resistance level. Despite the situation, silver prices have not yet moved out of the bearish trend. At the current time, $20.00 is the support level that holds the price from continuing the bearish trend. If the price could continue moving upward and print a new higher high then we will see a trend reversal.

Today’s Critical levels to watch:

Support: $20.00, $18.50, $16.00

Resistance: $21.35, $23.00, $23.90

Crude oil rejection from $95.25

The upward movement of crude oil prices stopped at the $95.25 resistance level. At the current time, the price undergoes bearish pressure and might resume the bearish trend. If the price close below $90.00 and prints a new lower low then the bearish trend is set to continue.

Today’s critical level to watch:

Support: $90.00, $85.00

Resistance: $95.25, $100.00, $106.00