Gold consolidates near $1,800

Gold prices looks will continue its bullish movement and reach the daily SMA 200. At the current time, the price is consolidating near the $1,800 level and waiting for further bullish momentum. If the price continues moving lower then traders will observe the price movement near $1,780 for possible long positions.

Today critical levels to watch:

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

Resistance: $1,850, $1,900

Silver maintain the level near $26.00

The bearish pressure on silver prices paused at the $26.00 level. No major movement from the level yet which means it is better to continue waiting sideline. If traders want to enter long positions then they could place a stop level below the previous swing low or $25.00.

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 building more bullish leg

The bearish correction of crude oil prices only lasted two days as the price bounced from the level near $70.00 last week. This week, the price is expected to continue its bullish movement and reach the $77.13 resistance level. There is bearish pressure today, as long as the price maintains the level above the previous Friday’s low then there is a chance for bullish continuation.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13