Gold waiting for a reaction from $1,780

Gold prices might be pushed lower in the middle of this week. But, nearing the end of the week, the price moves back up and trade near the $1,780 – $1,800 area. Traders are waiting for the release of U.S job data today. Gold price next direction will depend on the reaction from $1,780 – $1,800. Major bearish rejection from the area could trigger bearish continuation.

On the other hand, a close above $1,800 is a bullish confirmation.

Today critical levels to watch:

Support: $1,700, $1,680

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

Silver back to $26.00

Similar to the gold price movement, the silver price moving back and up near the $26.00 level. The trend mostly sideways this week with a few ups and downs. Today, traders will wait for the release of U.S job data and reaction from $26.00. If the price continues moving lower after the news then $25.00 will become the target.

On the upside, $30.00 and $31.50 is the long-term target.

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 extend bullish movement

Crude oil moving breakout the sideway situation yesterday. The price extended its bullish movement and soon will reach the $77.13 resistance level. As mentioned before, there is no change to the strategy as long as the price continues moving upward. If the price makes a bearish correction then $70.00 is the level to watch for adding long positions.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13