Gold waiting for continuation toward $1,850

The bearish pressure on gold prices might continue toward the $1,850 support level. Traders will wait for the price to reach the level and print major bullish reactions. When the price could form a major bullish reaction, traders could enter long positions. However, if bearish pressure continues then traders will wait near the $1,780 – $1,800 area or the daily SMA 200.

Today’s critical levels to watch:

Support: $1,850, $1,800, $1,780, $1,700

Resistance: $1,900, $1,950

Silver continuation toward $21.35?

Silver prices are under bearish pressure below the $23.00 support level. The price is set to continue the bearish pressure toward the $21.35 support level. Traders will wait near the support level for bullish reactions. When there are bullish reactions, traders could enter long positions while expecting the bullish trend will continue.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35

Resistance: $25.00, $26.00

Crude oil continuation toward $70.00?

The bearish pressure on crude oil prices has not printed a new lower swing low. The price currently trading upward and might reach the $77.13 level to retest it. If the price makes bearish reactions at the $77.13 level then traders could consider entering short positions with $70.00 as a target. The stop order could be placed above the previous swing high.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $85.00, $90.00, $95.25