Gold stays above $1,800

The bearish pressure on gold price recedes at $1,780 yesterday and the price could return to close above $1,800. We have a bullish pin bar pattern. If the gold price could climb above the pattern high then traders could expect the price to target $1,850 and daily SMA 200.

At the current time, the price is moving lower and testing the $1,800 support level again.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900

Silver building more bullish pressure

Silver prices maintain a bullish close near the current high. However, the price stuck below the previous week’s high. At the current time, the bull is building more bullish pressure to breakout above the high. If a breakout happens then the price will target $30.00 and $31.50.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $30.00, $31.50

Crude oil getting near $65.00

Another bullish close seen on crude oil prices. The price closed not far from the $65.00 resistance level. It is expected to continue moving upward and test the resistance level. If a bearish reaction formed then a bearish correction might happen toward the $60.00 support level. Traders could use the level to enter long positions when a bounce happens.

Today critical level to watch:

Support: $60.00, $57.60

Resistance: $65.00