Gold upward attempt inside $1,780 – $1,800

Gold prices continue trading inside the $1,780 – $1,800 area. At the current time, the price is moving upward and testing the daily SMA 200. The precious metal needs a close above $1,800 to confirm bullish continuation. Meanwhile, traders will continue waiting for the close outside of the range to confirm gold prices next direction.

Today critical levels to watch:

Support: $1,780

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

Silver trading sideway

Silver prices are on the path lower to target $21.35 support level. However, it seems the downward pressure of the price receded, and currently, the price is trading sideways. If the price manages to reach $21.35 and form a major bullish reaction then traders could enter long positions. A close above the yellow box area is needed to confirm a bullish reversal.

Today Critical levels to watch:

Support: $21.35, $20.00

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

Crude oil return above $70.00

Crude oil prices staged two days rally and managed to close above $70.00. We think the bullish pressure has a chance to continue and target $77.13 or higher. A close above $77.13 will confirm a long-term bullish continuation. Meanwhile, traders could use $70.00 as a level to enter long positions when a retest happens.

Today critical level to watch:

Support: $70.00, $67.20, $65.00

Resistance: $71.22, $77.13