Gold bullish close above $1,850

Gold tested the $1,850 resistance level and the price made a close above it. It seems the bullish trend of gold prices will continue. Traders could use the $1,850 level as the place to look for long positions as long as there is no bearish close below the level by the end of the week.

On the upside, $1,900 and $2,000 is the level to watch for targets.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $2,000

Silver testing the top of the triangle

The consolidation will continue inside the triangle pattern but silver price currently has bullish momentum. A breakout might happen above the triangle pattern also the $25.00 – $26.00 area. If the price could close above $26.00 then the long-term bullish trend is confirmed. At the current time, traders will continue observing the price reaction near both resistances.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil testing the $45.00 support level

Crude oil prices move lower today and tested the $45.00 support level. We have an initial bounce reaction and the price currently trading near its opening level. Will the price continue building its bullish pressure and launch upward to target $49.00 and $50.00 next?

Today critical level to watch:

Support: $45.00, $40.00, $38.50

Resistance: $49.00, $50.00