Gold bearish close below $1,780

The upward movement above $1,800 failed to gain traction and finally, gold prices closed below $1,780 yesterday. At the current time, gold prices are moving upward and testing the daily SMA 200. We might see gold prices continue trading inside the $1,780 – $1,800 area for now. Traders will continue waiting for a breakout from the range to determine the next direction.

Today critical levels to watch:

Support: $1,780

Resistance: $1,800, $1,850, $1,953, $2,000

Silver continue the bearish movement

Silver prices made another bearish close below the yellow box area. At the current time, the price continues its bearish movement and print a new lower low. If the price could reverse the bearish pressure and close inside the yellow box area then there is a chance of bullish continuation. Without any bullish reaction, the price might continue lower to target $21.35.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil no bullish reversal yet

Crude oil prices extended its bearish movement yesterday and managed to reach the $65.00 support level. A new lower low printed and there is no major bullish reaction yet. At the current time, the price attempt to move upward but is limited below $70.00. If the price could breakout above $70.00 then there is chance of bullish movement to target $77.13

Today critical level to watch:

Support: $67.20, $65.00

Resistance: $70.00, $71.22, $77.13