Gold stick near the box area

The increase in gold prices was quite significant and brought the gold price back above the green box area. However, there was no continuation of the upward movement and the price is currently holding near the green box area. Consolidation has a big chance to continue near the green box area for a while and traders will wait for further reaction.

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance: $2,400

Silver bullish attempt

Silver price is stuck near the $29.00 mark and a bounce reaction is seen. Even though the price bounced up, there was no movement with big bullish momentum. Consolidation may still take place not far from the $29.00 point. In addition, there is a triangle pattern formed in silver prices where traders will wait for a close outside the pattern to confirm the direction of the next long-term movement.

Today’s Critical levels to watch:

Support: $30.00, $26.00, $25.00, $23.90, $23.00

Resistance: $31.50, $35.25

Crude oil continues moving upward

Crude oil prices are seen forming a higher high above last week’s high. The bullish movement of crude oil prices continues towards $83.85. For now, traders will wait for the price to reach this bullish target. When a bearish correction occurs to the support point of $80.00, it is an opportunity for traders to enter a long position.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00