Gold trading sideways

Gold prices are currently still consolidating above the $2,000 level and awaiting further developments. As written in previous analyses, the trend of gold prices is bullish for the long term. Every decline is an opportunity for traders to accumulate long positions. Traders will continue to utilize the point near $2,000 as a place to enter long positions now.

Today’s critical levels to watch:

Support: $2,000, $1,950, $1,900, $1,850, $1,800

Resistance: $2,069, $2,074

Silver erased losses

After the bearish situation that has formed over the past few days, silver prices seem to be moving up and erasing almost all of the decline that occurred. A return of the price above the $23.00 mark will confirm the end of the bearish movement towards $21.35. As previously written, traders should maintain a bullish strategy while silver prices decline.

Today’s Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil hovering below $77.13

After closing above the triangle pattern, crude oil prices are expected to move bullishly. However, this upward movement appears to be still slow and has not yet reached $77.13. There has been no change in the situation in crude oil prices and traders will wait for a close above $77.13 to confirm the continuation of the bullish trend.

Today’s critical level to watch:

Support: $70.00

Resistance: $77.13, $80.00, $85.00, $90.00