Gold looking to breakout above $1,800

Gold prices moved above $1,800 yesterday but could not maintain the bullish pressure. At the end of the day, the price closed below $1,800. Today, there is another bullish attempt above the $1,800 handle. Will the price close above the resistance level and continue its upward movement to test the daily SMA 200?

Today critical levels to watch:

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

Resistance: $1,850, $1,900

Silver bounce from $26.00

The price experienced another bearish pressure yesterday and closed near the $26.00 handle. There is no bearish continuation today, instead, the price shows a bullish bounce from the $26.00 handle. If the bullish pressure continues to build up then we will see a bullish continuation to target the long-term $30.00 and $31.50 resistance level.

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 rejection from $77.13

Crude oil prices got rejected from the $77.13 resistance level and formed a bearish engulfing pattern. The price might continue moving lower and correct toward $70.00. However, there is no bearish follow-through yet which means traders who want to enter short positions will stay cautious.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13