Gold continuation toward $1,900?

The upward pressure of gold prices continue for a few days but had no strong momentum toward the $1,900 handle. Traders will continue waiting for the price to move lower to reach the $1,850 support level. When the price hit the support level and form bullish reactions then traders could enter long positions. On the other hand, if the price could return above the $1,900 handle and erase all of the losses caused by long bearish candlestick then the trend will turn bullish.

Today’s critical levels to watch:

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

Resistance: $1,900, $1,950

Silver hanging at the middle of $21.35 – $23.00

Silver prices are expected to continue the bearish movement to target the $21.35 support level. At the current time, the price lost bearish momentum and hanging in the middle of $21.35 – $23.00. There is no bearish continuation but no strong bullish reactions too. If the price could reach the $21.35 level and form a bullish reaction then traders could enter long positions. On the upside, a close above $23.00 is needed to confirm a bullish continuation.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35

Resistance: $25.00, $26.00

Crude oil sticks near $77.13

Crude oil prices managed to return above the $77.13 level and maintain the close above it yesterday. Currently, the price is slightly lower but stays above the $77.13 level. We might see the price continue to stick near the $77.13 level and wait for the catalyst to move. If the price could add more bullish pressure and print a new higher high then the bullish trend set to continue.

Today’s critical level to watch:

Support: $77.13, $70.00

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