Gold stick near $1,953

The lower-than-expected inflation rate is a breath of fresh air for the counter instrument to the U.S. dollar. The price of gold also seems to have increased, although limited. Currently, the price is still being traded near the point of $1,953 and possibly will still move flat with a bullish tendency. Traders who already have long positions will continue to hold them for the time being.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850

Resistance: $2,000, $2,069, $2,074

Silver upward pressure toward $25.00 – $26.00

The silver price has returned to its bullish trend with a sharp upward spike. The price is trading near the $25.00 – $26.00 area and is about to test it. As the trend has turned bullish again, it is expected that the price may continue its advance and make even higher swing highs. Traders will now be waiting for a bearish correction to increase their long positions.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil testing $77.13

Crude oil has reached the upward target at $77.13 point and also the trendline has been reached but the price of crude oil looks bearish today. This bearish reaction is likely only a temporary reaction after the target is reached. If the price continues its advance and closes above $77.13 then the trend will become more bullish. Even if there is a decline, traders will wait near the support point for opportunities to go long.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00