Gold rejection from $1,850?

The bullish movement of gold managed to reach the level near $1,850. The precious metal makes a bearish reaction today and falls below the previous Friday low. We might have a bearish continuation if the price could close below the Friday low. However, the price currently trade back above the Friday low and might target a breakout above $1,850.

Today critical levels to watch:

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

Resistance: $1,850, $1,900

Silver testing the bottom of the triangle

Silver prices closed inside the triangle pattern last week. The price currently moves lower and testing the bottom of the triangle range. As long as there is no break out of the range, traders will expect further consolidation inside the triangle range.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil waiting for bullish momentum

Crude oil prices extended its bullish gain above $45.00 and printed a higher high last week. The price is expected to continue its bullish movement and target $49.00 and $50.00 next. At the current time, there is no bullish continuation yet and the price is under pressure. Traders will continue to monitor the price reaction at the current level while looking for long positions near $45.00.

Today critical level to watch:

Support: $45.00, $40.00, $38.50

Resistance: $49.00, $50.00