Gold target a new record high

A bullish close with strong momentum occurred in gold prices yesterday. Prices rise and approach the record high point previously formed. If there is no change in the situation, the price will immediately test this point and have the opportunity to form a new record high point. For now, traders will continue to take advantage of the decline in gold prices as an opportunity to add to long positions.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver rejection from $31.50

Silver price managed to form a bullish close near $31.50 yesterday. However, today the price experienced a bearish rejection and fell below yesterday’s low point. For now, recovery is occurring and prices are in the area of ​​yesterday’s movement. If the price can maintain its position and close near $31.50 then there is a chance of continuation of the upward movement next week.

Today’s Critical levels to watch:

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

Resistance: $31.50, $35.25

Crude oil testing $83.85

The price of crude oil has increased to reach a point near $83.85 today. Testing at this resistance point is currently underway. If the price can continue strengthening and close above $83.85 by the end of this week then the chances of further upside in next week’s trading are quite high. For now, traders will wait for further reaction near $83.85 and the weekly close for confirmation of the next leg of the move.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00