Gold bullish continuation toward $1,900?

Gold prices managed to print a higher high yesterday but the price failed to close the day on the positive side. Despite the situation, gold prices made another bullish attempt today but were limited below yesterday’s high. If the price could continue the upward movement then it will target the $1,900 resistance level. On the other hand, if the price starts moving lower then traders will wait near the $1,850 support level for a chance to enter long positions.

Today’s critical levels to watch:

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

Resistance: $1,900

Silver continue inside $23.00 – $23.90

Silver prices made a bearish close yesterday inside the $23.00 – $23.90 area. There is no change to the situation of silver prices yet as the price continues trading inside the $23.00 – $23.90 area. Traders will wait until the price makes a close outside of the range to confirm the next direction. Meanwhile, traders could continue to use range trading strategies with a bullish bias.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35

Resistance: $25.00, $26.00

Crude oil closed above $77.13

Crude oil prices canceled the bearish outlook toward the $70.00 support level after the bullish close above $77.13. If the price could continue moving upward and print a new higher swing high then the trend will turn bullish. On the other hand, if the price turns lower again and makes a close below $77.13 then we might see a bearish continuation toward the $70.00 handle.

Today’s critical level to watch:

Support: $77.13, $70.00

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