Gold retest $2,000?

A bullish reaction occurred at gold prices below the $2,000 point before the price reached the daily SMA 200. The trend was still bullish and the previous bullish reaction formed a higher swing low point. If the price immediately moves up, the target of the increase is to form a higher swing high point. For now, traders will wait for a reaction near the $2,000 point, if a test and bullish reaction occurs then traders can enter long positions.

Today’s critical levels to watch:

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

Resistance: $2,000, $2,069, $2,074

Silver stick near $23.90

Silver price managed to move up and is trading near $23.90 for now. Consolidation is likely to continue near the $23.90 mark for now. Traders who already have a long position will maintain that position with a stop order below the latest swing low.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil sideway movement near $70.00

There has been no significant reaction to crude oil prices near the $70.00 point. The upward movement occurred but not with strong bullish momentum. For now, the price still trades sideways near $70.00 and traders can use the current opportunity to accumulate long positions with a stop point below the previous swing low. When the price can break above $77.13 then there is a chance the trend will change to bullish.

Today’s critical level to watch:

Support: $70.00

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