Gold under bearish pressure

Gold prices move lower in today’s trading session after it managed to print a pin bar pattern yesterday. It seems the bearish movement has more leg toward the $1,680 – $1,700 area. Traders will continue monitor the price movement between $1,680 – $1,700 area and $1,780 – $1,800 area for now.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver bearish pressure below $18.50

Silver prices come under bearish pressure again and fall below the $18.50 support level. The price situation might develop into a full-scale bearish trend. However, the trading day has not ended yet. If the price could return above $18.50 and close above it then there is a chance of bullish movement to target $20.00 and $21.35.

Today’s Critical levels to watch:

Support: $18.50, $16.00

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

Crude oil fell below $95.25

Crude oil prices managed to close the day above $95.25 yesterday. However, the bullish sentiment turn bearish today as the price fell with strong bearish momentum. If the price continues its bearish movement then it will target the $90.00 support level. Traders will monitor the pair reactions inside the $90.00 – $95.25 area now.

Today’s critical level to watch:

Support: $90.00, $85.00

Resistance: $95.25, $100.00