Gold stick near $1,780 – $1,800

Gold prices pushed lower and closed below the $1,780 level. However, the bearish pressure did not continue and the price settle inside the area at the end of the week. This week, the price might continue its consolidation inside the area and traders will wait for a breakout.

If the price could breakout and close above $1,800 then there is a chance of bullish continuation.

Today critical levels to watch:

Support: $1,780

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

Silver hanging at the middle of $21.35 – $23.00

A breakout below the yellow box area happened in silver prices and the price is expected to target the $21.35 support level. If the price makes an upward movement to test the yellow box area and formed a bearish reaction then traders could enter short positions. A breakout and close above the yellow box area will confirm bullish continuation to retest the orange box area.

Today Critical levels to watch:

Support: $21.35, $20.00

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

Crude oil limited below $70.00

A major bearish pullback was experienced by crude oil prices. The price fell below $70.00 and almost reached the $60.00 level. This week, it seems crude oil prices attempting a bullish correction. If the price could close above $70.00 then there is a chance of bullish continuation toward $77.13.

Today critical level to watch:

Support: $67.20, $65.00

Resistance: $70.00, $71.22, $77.13