Gold entering $1,780 – $1,800 area

The movement of gold prices continues to the downside. At the current time, the price has entered the $1,780 -$1,800 area and will test it. If the price closes below $1,780 then the bearish trend is set to continue. On the other hand, a major bullish reaction from the current level might trigger a bullish reversal with a close above the daily SMA 200 as a target.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900, $1,953

Silver fall below $20.00

It is not a good situation for silver prices bull. The price closed lower and it fall below the $20.00 handle today. If the price close below the support level then traders will expect further bearish continuation. On the other hand, a close above $20.00 at the end of the week could turn into a bullish bounce next week.

Today’s Critical levels to watch:

Support: $20.00

Resistance: $21.35, $23.00, $23.90

Crude oil bounced from $106.00

Crude oil prices closed lower near the $106.00 handle. Fortunately, there is no bearish continuation in today’s trading session. The price moving slightly higher today and will attempt to bounce from the level. Will the price make a bullish close and continue the bullish trend? Alternatively, will it move lower and close below $100.00 to continue the bearish movement?

Today’s critical level to watch:

Support: $100.00, $95.25, $90.00

Resistance: $106.00, $130.00