Gold stay bullish

Gold prices closed near the $5,000 level and looks not losing the bullish pressure yet. The price climb near yesterday’s high and might push above it. Nothing to do aside from watching the price continue climbing or start a bearish correction. When there is bearish correction, it is a chance for traders to enter long positions.

Today’s critical levels to watch:

Support: $5,000, $4,670, $4,500, $4,380

Resistance:

Silver continuing bullish move

The same as gold prices, silver prices maintain the bullish pressure and might attempt to print new higher high or break above $120.00. Something to note, the price has rallied from below $30.00 to above $100.00 in just 1 year. It is already a big win for the bull and a major bearish correction of 20-50% might be on the card. However, as the bull and global market situation continue favor more upside, then it is better to stay sideline if traders has no positions. Or traders could scalp intraday long positions whenever there is downward movement.

Today’s critical levels to watch:

Support: $100.00, $85.00, $83.91, $80.00, $70.00

Resistance: $120.00

Crude oil challenging $62.00

The bull has return and push the price upward above the $60.00 level. It is currently testing the $62.00 level and might close above it. As we mentioned, when there is a close above $62.00 then we have a confirmed bullish continuation. $67.20 and $70.00 could become the upside target to watch.

Today’s critical level to watch:

Support: $60.00, $57.60, $55.00, $54.50, $52.4

Resistance: $62.00, $65.00, $67.20, $70.00, $77.13