Gold testing the level near $2,000

The decline experienced by the price of gold can be said to be an ongoing profit-taking reaction. This downside move is testing the point near $2,000 and will await further reaction. When a strong bullish bounce occurs, the gold price will continue its bullish trend.

Today’s critical levels to watch:

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

Resistance: $2,069, $2,074

Silver testing the $23.00 – $23.90 area

Silver price experienced a bearish close and reached $23.90. A test of the $23.00 – $23.90 area will take place and traders will wait for further developments. When a bounce reaction occurs, traders can enter a long position. As long as the price can continue to form higher swing high and higher swing low points, the direction of the trend is still bullish.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil reached $70.00

The situation of crude oil prices is quite bearish at the moment with prices reaching $70.00. Expect the price to consolidate near the $70.00 mark for a while. When a bounce reaction occurs, traders can consider entering a long position.

Today’s critical level to watch:

Support: $70.00

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