Gold continues the bearish movement

Gold prices experience more bearish pressure today as the price fall below the previous week’s low. If there is no change to the situation then the gold price is expected to target $1,780 – $1,800 area. At the current time, traders will wait for the price to reach the target area. When there is a bullish reaction from the area then traders could consider entering long positions.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900, $1,950, $2,000

Silver looking to test $25.00 – $26.00

The silver price slowly stabilizes after the retail buying frenzy. The price move lower and soon will test the $26.00 support level. If the price could hold out above the level and form a bullish reaction then traders will expect continuation toward $30.00 and $31.50 resistance level.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude oil continues the bullish trend

Crude oil price closed above $54.50 and soon will reach $55.00 and $55.80 resistance level. Similar to the previous day’s analysis, traders will avoid short positions until there is a bearish reaction from the resistance levels.

Today critical level to watch:

Support: $54.50, $52.40

Resistance: $55.00, $55.80