Gold hanging at the middle of $1,680 – $1,800

Gold prices have moved lower for the sixth day before finally making a bullish close yesterday. The price might continue under bearish pressure and target the $1,680 – $1,700 support area. However, there is a chance that the price will move upward and retest the $1,780 – $1,800 area.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver waiting for more reactions from $18.50

The bearish pressure on silver prices seems to take a pause after yesterday’s bullish close. No strong bullish signal yet which indicates a bullish reversal. At the current time, traders will continue waiting near the support level for possible bullish reversal reactions. As long as the price maintains the $18.50 support level and does not make a new lower low then it could start a new bullish trend.

Today’s Critical levels to watch:

Support: $18.50, $16.00

Resistance: $20.00, $21.35, $23.00, $23.90

Crude oil set to test $95.25

Crude oil prices climbed with strong bullish momentum yesterday and closed near the $95.25 resistance level. The price might continue the bullish movement and attempt a breakout above the $95.25 resistance level. A close above $95.25 will confirm a bullish continuation to target $100.00 and $106.00 resistance levels.

Today’s critical level to watch:

Support: $90.00, $85.00

Resistance: $95.25, $100.00