Gold bullish continuation

Gold prices bounced from the green box area and were seen continuing their strengthening in Friday’s trading. With this situation, the price has the opportunity to continue its strengthening to form a higher swing high point. Traders who have entered a long position near the green box area will maintain that position with a stop loss at the break-even point.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver retest $31.50

Silver prices experienced an upward spike at the end of last week where prices managed to reach a point near $31.50. With the strengthening that occurs, the price will try to form a higher swing high point and continue its bullish trend. Traders will be watching the reaction of the price near the $31.50 point and also the previously formed swing high point for now.

Today’s Critical levels to watch:

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

Resistance: $31.50, $35.25

Crude oil closed near $83.85

The resistance point of $83.85 can still be maintained in last week’s trading. Crude oil prices closed bearish after testing this point. If the price moves lower then the $80.00 point will be the downside target that traders pay attention to. Meanwhile, if the price immediately continues strengthening above the $83.85 point, the $90.00 point will be the target for increases.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00