Gold return to $1,780

The bearish pressure on gold prices has no follow-through. At the end of the day, the price of gold stage recovery and closed on the positive side. Today, there is a bullish continuation, and the price currently testing the $1,780 level. We might see the price continue trading near $1,780 – $1,800 until the release of U.S job data.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800, $1,850, $1,900

Silver consolidation near $26.00

Silver prices pushed lower below $26.00 but managed to stage recovery toward the level. The price is expected to continue trading sideways near the level while waiting for a trigger to move. On the long-term view, we still think the price could bounce from $25.00 – $26.00 area and continue its bullish trend toward $30.00 and $31.50.

Today Critical levels to watch:

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

Resistance: $27.00, $29.00, $30.00, $31.50

Crude oil continue sideway

There is not much change in the crude oil price movement which consolidates between $70.00 and $77.13. The price is expected to continue its bullish movement and reach the $77.13 resistance level soon. However, if a bearish correction happens then traders could use $70.00 as a level to enter long positions.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13