Gold bearish target $1,680 – $1,700

The bearish movement of gold prices has resumed and the price has $1,680 – $1,700 as the target area. If there is no change to the bearish situation then traders will expect the target to be reached soon. A major bullish bounce from the level could develop into a new bullish trend. However, the price needs to climb and close above $1,800 to confirm a bullish reversal.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver more lower low

Silver prices continue the bearish trend and print a new lower low below $18.50. The price might continue under pressure and target $17.73 also $17.50 next. If the price could reverse the bearish pressure and close above $18.50 then we might see upward movement to test the $20.00 and $21.35 resistance levels.

Today’s Critical levels to watch:

Support: $18.50, $16.00

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

Crude oil maintains its position above $90.00

Crude oil prices undergo bearish pressure and trade below the $90.00 support level. Fortunately, the price could recover and currently trade above the $90.00 handle. If the price could settle the day above $90.00 then a consolidation between $90.00 and $95.25 might happen.

Today’s critical level to watch:

Support: $90.00, $85.00

Resistance: $95.25, $100.00