Gold consolidation inside $1,780 – $1,800

The bullish pressure on gold prices tested the daily SMA 200 without breakout above it. At the current time, the price is trading lower and is expected to consolidate between $1,780 – $1,800 area. Traders will wait for a breakout of the range to get confirmation on where the price will move next.

Today critical levels to watch:

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

Resistance: $1,800

Silver yellow box consolidation

The upward movement of silver prices printed the second bullish close this week. The price might consolidate inside the yellow box area as shown on the chart. No change to the outlook yet, traders will wait for the price to reach either $25.00 – $26.00 area or $21.35 to place major positions.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil bullish close above $67.20

Crude oil prices continue its bullish recovery movement for the second day. Yesterday, the price managed to climb and close above $67.20. On the upside, $70.00 is the resistance level to watch for possible reversal. As long as there is no close above $70.00, there is no confirmation to become more bullish yet.

Today critical level to watch:

Support: $65.00, $60.00

Resistance: $67.20