Gold rejection from $1,780 – $1,800

Gold prices have been rejected from the $1,780 – $1,800 resistance area and also the daily SMA 200. The price might continue moving lower and target the $1,680 – $1,700 area. Traders will observe the price reactions near both resistance levels. If the price could climb and close above $1,800 then the trend will continue bullish.

Today’s critical levels to watch:

Support: $1,700, $1,680, $1,600, $1,585

Resistance: $1,780, $1,800

Silver rejection from $23.00

Silver prices got rejected from the $23.00 resistance level and printed a bearish close yesterday. No bearish continuation yet in today’s trading session. If the price continues moving lower then $21.35 is the level to watch as a support level. Traders could wait near the $21.35 level for a chance to enter long positions when there are bullish reactions.

Today’s Critical levels to watch:

Support: $21.35, $20.00, $18.50, $17.73

Resistance: $23.00, $23.90

Crude oil sticks near $77.13

Crude oil prices continue under bearish pressure near the $77.13 level. There are no bullish reactions which mean no confirmation yet to enter long positions. If the price continues moving lower then $70.00 will become the bearish target to watch. Meanwhile, traders could continue waiting for bullish reactions to enter long positions.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $85.00, $90.00, $95.25