Gold continue ranging

A bearish pullback happened in the U.S. dollar counterpart. The bearish pressure is also experienced by gold prices but it maintains the position above the green box area. No major bearish movement yet on the price and it might continue trading sideways near the current level. Traders will wait for a bearish pullback toward the support level and bullish reactions for a chance to enter long positions.

Today’s critical levels to watch:

Support: $2,500, $2,400, $2,143

Resistance: $2,530, $2,611

Silver bearish pressure

Silver prices experience bearish pressure near the $29.00 handle but maintain the positions near it. The price might continue under bearish pressure and fall below $29.00. However, as long as the price could immediately return above $29.00 then the bullish trend will continue. On the lower side, $25.00 – $26.00 might become the area to watch as a bearish target when a major bearish breakdown happens.

Today’s Critical levels to watch:

Support: $29.00, $26.00, $25.00, $23.90, $23.00

Resistance: $30.00, $31.50, $35.25

Crude oil resumes a bearish trend?

Crude oil prices are back under bearish pressure again below the $77.13 resistance level. The price has printed a lower swing high near the $77.13 resistance level and a new lower swing low will confirm the continuation of a bearish trend. At the current time, traders will monitor the price movement below $77.13. A close above the resistance level might provide a bullish chance to continue toward $80.00.

Today’s critical level to watch:

Support: $70.00

Resistance: $77.13, $80.00, $83.85, $85.00, $90.00