Gold reached the $1,780 – $1,800 support area

Gold prices experienced bearish pressure and managed to reach the downward target of $1,780 – $1,800. The precious metal shows a bullish reaction today but no breakout above the previous day’s high yet. At the current time, traders are waiting for the announcement of U.S job data. We might see more volatility as the data released.

If gold continues lower and breaks below November low then traders will prepare for a major bearish continuation.

Today critical levels to watch:

Support: $1,800, $1,780

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

Silver holding out above $26.00

The bearish pressure on silver drive the price lower and tested the $26.00 support level yesterday. No bearish continuation yet today and traders will wait for the release of U.S job data. If the price continues lower and closes below $26.00 then traders will prepare for further weakness next week.

Today Critical levels to watch:

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

Resistance: $27.00, $30.00, $31.50

Crude oil extend bullish movement toward $57.60

There is no stop to the bullish pressure in crude oil prices. The price climb above $55.80 and is now set to target the $57.60 resistance level. Traders will let the price continue its upward movement and wait for a bearish correction. $54.50 – $55.00 is the area to watch for long positions when the price makes a bearish correction.

Today critical level to watch:

Support: $54.50, $52.40

Resistance: $55.00, $55.80