Gold might close near the $1,850

Today is the last day of the trading day of the week. Gold prices have printed three bullish closes since the bounce from $1,780 – $1,800. At the current time, the price is expected to continue its upward movement and test the $1,850 resistance level. Traders will expect the price to close near $1,850 at the end of this week.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850, $1,900

Silver extend consolidation inside the triangle pattern

A fake bearish breakout happened in silver prices and the price has returned inside the triangle pattern. It seems the price will close inside the triangle pattern this week and continue its consolidation next week. Traders will continue waiting for a breakout before deciding on a long-term direction.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil target the $49.00 – $50.00 area

Crude oil prices distanced itself from the $45.00 level and printed a higher high today. The price is set to continue its bullish movement and target the $49.00 – $50.00 area. At the current time, traders could continue to hold long positions until a major bearish reversal formed.

Today critical level to watch:

Support: $45.00, $40.00, $38.50

Resistance: $49.00, $50.00