Gold more upside

There is no stop to the upward movement of gold prices yet. The price printed a new higher high and closed above $1,900. On the upside, $2,000 will become the big target to watch. If the price makes a bearish correction then traders could scale in slowly between $1,800 – $1,900.

As long as there is no lower low printed on the chart then the price could continue moving upward.

Today’s critical levels to watch:

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

Resistance: $1,900

Silver waiting between $23.00 – $23.90

The bullish movement of silver prices is expected to target the $25.00 – $26.00 handle. However, no solid bullish breakout yet from the $23.00 – $23.90 area. Traders will continue to hold long positions and add more positions when a bearish movement happens. Avoiding short positions is better as the price keeps printing higher high and higher low.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35

Resistance: $25.00, $26.00

Crude oil waiting for a new higher high

Crude oil prices reclaim the $77.13 level and looking to add more gain. If the price could continue upward and print a new higher high then we will see a shift from a bearish trend to a bullish trend. However, if the price breakout and close below $77.13 then we might see a bearish continuation to target $70.00.

Today’s critical level to watch:

Support: $77.13, $70.00

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