Gold maintains the position near the box area

Price is continuing its movement near the green box area. There is no strong indication that prices will continue their bullish movement so traders will just wait for further developments. As before, a close below the green box area is confirmation of the continuation of the bearish trend. Meanwhile, a rise above last week’s high would provide strong bullish confirmation.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver triangle consolidation

Silver prices experienced an increase yesterday but the range of price movement was limited to within Friday’s movement range. The trend is still bullish and it is estimated that silver prices will continue their bullish trend. Meanwhile, consolidation is likely to continue at the price inside the triangle pattern and also the $29.00 point.

Today’s Critical levels to watch:

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

Resistance: $31.50, $35.25

Crude oil target $83.85

The increase in crude oil prices is still ongoing and prices closed bullish yesterday. This bullish movement soon reached $83.85 and traders will wait for the price reaction. If the price can move up above $83.85 and then form a higher swing high then the bullish trend can continue. However, if a bearish rejection happens then traders will wait for bullish reactions around $82.00 – $82.50 for a chance to enter long positions.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00