Gold closed above $1,800

Gold prices bounce from the $1,780 support level and closed above $1,800 yesterday. The price continues to build bullish pressure and currently testing the daily SMA 200. The same situation as mentioned before, if the price could climb above daily SMA 200 and print higher high then the bullish trend will continue.

Today critical levels to watch:

Support: $1,780, $1,700, $1,680

Resistance: $1,800

Silver testing previous week high

Silver prices are projected to continue its bearish movement and target the $21.35 support level. However, the bearish pressure seems to recede and the price formed a bullish close yesterday. The price continues its upward movement and currently testing the previous week’s high. Will the price breakout higher and continue its bullish movement toward the $25.00 – $26.00 area?

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil return above $65.00

Crude oil prices made a recovery movement yesterday and return above the $65.00 support level. Although the short-term situation is bullish, the price has confirmed a lower low on the daily chart. As long as there is no close above $67.20, there is no reason to become bullish yet.

Today critical level to watch:

Support: $65.00, $60.00

Resistance: $67.20