Gold stick near the $1,780 – $1,800 area

The movement of gold prices currently trading near the $1,780 – $1,800 area. It managed to hold out above the area last week and will attempt to hold the position again this week. However, if the price continues under pressure then we might see a breakout below the area and continue of the bearish trend.

Today critical levels to watch:

Support: $1,800, $1,780

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

Silver bearish continuation below $20.00?

Silver prices closed below the $20.00 support level which is a bearish confirmation. The price might consolidate near the level for now. If the price continues the bearish movement, traders could wait near the $18.50 level for a bullish reaction. If the global inflation starts to slow down then we might see bottoming out on most assets against the U.S dollar.

Today’s Critical levels to watch:

Support: $20.00

Resistance: $21.35, $23.00, $23.90

Crude oil moving lower again?

Crude oil prices managed to hold out above the $106.00 level last week. At the current time, the price is under bearish pressure and might retest the level again. Traders will continue to monitor the price movement near the level. As long as there is no lower low or close below $100.00, traders could assume the bullish trend is defended.

Today’s critical level to watch:

Support: $100.00, $95.25, $90.00

Resistance: $106.00, $130.00