Gold neutral close

After bouncing from the green box area, gold prices closed in neutral conditions yesterday. The price movement is bullish in the long term but currently, a higher high has not yet been formed to confirm the continuation of the bullish movement. However, the price of gold may only be suspended for a while and continue its increase soon.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver neutral close

The situation in silver prices is similar to the situation in gold prices where the price has risen from the support point but has not yet formed a higher high point. If the price can continue its bullish movement then the $31.50 point is an upside target. The formation of a higher swing high point will confirm the continuation of the long-term bullish trend.

Today’s Critical levels to watch:

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

Resistance: $31.50, $35.25

Crude oil bullish close above $83.85

Crude oil prices continued their increase and managed to close above $83.85 yesterday. If the price can maintain its bullish pressure until the weekly close above $83.85 then the bullish movement may continue next week. However, if there is a decline then the price of crude oil will try to move towards the $80.00 point.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00