Gold retesting $2,000?

Sideway movement is still occurring in gold prices above the $2,000 point so there is nothing traders can do but wait. The trend is still bullish and every decline in gold prices is an opportunity to add to long positions near the support point. However, if the price makes a new lower low on the chart then the short-term situation will turn bearish.

Today’s critical levels to watch:

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

Resistance: $2,069, $2,074

Silver reach $23.00

The bullish close occurred as silver prices climbed back to near the $23.00 mark. Prices are currently experiencing a bearish reaction but are limited within yesterday’s movement range. As written previously, if the price can immediately rise above $23.00 and then $23.90 then the bullish trend can continue immediately.

Today’s Critical levels to watch:

Support: $21.35, $20.00

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

Crude oil testing $77.13

The price of crude oil reached $77.13 yesterday so the short-term increase target has been achieved. Currently, traders will wait for a close above $77.13 to confirm the continuation of the bullish trend. The return of the price above $77.13 could be an indication of the end of the short-term bearish trend.

Today’s critical level to watch:

Support: $70.00

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