Gold on the upward path

Gold prices stage bullish movement from the $1,780 – $1,800 area and will target the daily SMA 200. A close above the daily SMA 200 and $1,850 resistance level will confirm the continuation of the long-term bullish trend. At the current time, traders who have entered long positions near the $1,780 – $1,800 area will continue to hold the positions.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850, $1,900

Silver resume the bullish movement

Silver prices have bounced from the $25.00 – $26.00 area and start moving upward. The price is expected to target the long-term $30.00 and $31.50 resistance. If the price starts moving lower again toward $25.00 – $26.00 then traders will continue to use the area for a chance to add more long positions.

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 touch the $77.13 target

Crude oil prices extend its bullish movement today and reached the $77.13 resistance level. Despite the bullish movement, it seems there is infighting between Saudi Arabia and UEA which caused the OPEC meeting canceled. The future of crude oil price movement might become uncertain after the event.

Technically, there is no major bearish reaction which means traders will continue to hold long positions for now.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13