Gold maintains the position near $1,800

Gold prices have climbed above $1,800 and continue to maintain the position above it yesterday. Today, there is bearish pressure which has move below $1,800 and soon will test the previous day low. A close below the previous day low will bring gold prices lower toward $1,780.

At the current time, traders could use $1,780 as the level to look for long positions.

Today critical levels to watch:

Support: $1780, $1,750

Resistance: $1,800

Silver bearish pin bar pattern

Silver formed a bearish pin bar pattern in the previous trading day. Fortunately, the price maintained the close above $18.50. At the current time, the price is testing the $18.50 level and looking for a bearish breakout below it. If the bearish breakout happens then silver might move lower toward $17.73.

Today Critical levels to watch:

Support: $18.50, $18.00, $17.73

Resistance: $20.00

Crude oil close below $40.00

The consolidation near $40.00 finally resulted in a close below the level. Crude oil printed a lower high on the chart and the bear will aim for a lower low. If lower low printed then crude oil might start a bearish movement toward $33.00 or lower.

Today critical level to watch:

Support: $38.50

Resistance: $40.00, $50.00