Gold mostly sideways near $1,850 and SMA 200

There was a bullish attempt in gold prices yesterday but at the end of the day, the price closed near its opening level. Today, the bull makes another attempt to break out above the $1,850 and daily SMA 200. If there is no further bullish pressure building then the gold price might close the month near $1,850 and SMA 200.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900, $1,950, $2,000

Silver major bullish close above $26.00

The silver price tested the $25.00 and the trendline and formed a major bullish reaction. The price finally moved upside with strong bullish momentum and closed above $26.00. There is a bearish test on the $26.00 today but the bull continues to bring the price higher and currently testing the previous day’s high.

It seems silver prices have returned to its long-term bullish trend and are expected to target $30.00, $31.50 resistance levels.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude oil mostly sideway

Crude oil made a bullish attempt yesterday but ended lower. The price close near $52.40 which means no change to the outlook yet. Traders could expect the pair to continue its ranging movement near $52.40 for now.

Today critical level to watch:

Support: $52.40, $50.00, $49.00

Resistance: $54.50, $55.00