Gold new record high

Gold prices rose sharply today and reached $2,100. However, there was a bearish reaction after this point was reached and now the price is below the opening point. The bearish situation may last a few days before gold prices stabilize. Traders can take advantage of the decline that occurs for long position opportunities when there is a bullish reaction near the support point.

Today’s critical levels to watch:

Support: $2,000, $1,950, $1,900, $1,850, $1,800

Resistance: $2,069, $2,074

Silver bearish rejection from $25.00 – $26.00

Silver price continued its upward movement and reached a point near $26.00 today. However, there was a very strong bearish reaction so the price fell below the $25.00 point. If this bearish pressure continues then the $23.00 – $23.90 area could become a downside target to watch as a place to enter long positions.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil more ranging near $77.13

Crude oil prices have not been able to reverse their bearish situation and have the opportunity to continue weakening towards $70.00. Traders can only wait for the price to reach $70.00 or return above $77.13 to confirm the next direction of movement. For the time being, traders should continue to wait & see and wait for opportunities for long positions near the support point.

Today’s critical level to watch:

Support: $70.00

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