Gold stick near box area

There is not much change in the price of gold which is still moving near the green box area. Prices are still moving sideways and will wait for further developments. If the price jumps up from the current point and forms a higher swing high then the bullish trend can continue. Meanwhile, a decline and close below the green box area will be a confirmation of the continuation of the bearish movement.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver bounced from $29.00

Silver price bounced off the $29.00 mark and slowly moved up. Despite the increase, silver prices have not yet exceeded the latest swing high point so there is still the possibility of a bearish reversal. If the price continues to weaken below the $29.00 point then there is a chance of further decline towards the $25.00 – $26.00 area.

Today’s Critical levels to watch:

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

Resistance: $31.50, $35.25

Crude oil tested $83.85

The price of crude oil continued its increase in yesterday’s trading and managed to reach $83.85. There was a bearish reaction after the test on $83.85 and there was a bearish close yesterday. If the price continues to weaken below yesterday’s low then the decline could continue towards $80.00. A close above $83.85 could be an initial confirmation of the continuation of the bullish trend.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00