Gold waiting for bullish momentum

Gold price is now above the $2,000 mark and awaits further upward movement. An increase to form a new record high is something to look forward to. Traders will take advantage of every decline that occurs as an opportunity to add to a long position with a stop order below the latest swing low.

Today’s critical levels to watch:

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

Resistance: $2,069, $2,074

Silver trade near $23.90

Silver price has managed to move up and formed a higher swing low point. This upward movement will head towards the $25.00 – $26.00 area to form a higher swing high point. A close above $26.00 will confirm the continuation of the long-term bullish trend.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil upward attempt

After being able to stay near the $70.00 point, crude oil prices are seen moving upwards. However, there has been no movement with strong momentum towards $77.13. If the price can reach the $77.13 point and then make a close above $77.13 then it will confirm the continuation of the bullish trend.

Today’s critical level to watch:

Support: $70.00

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