Gold reached $1,680 – $1,700

Gold prices has reached the $1,680 – $1,700 area and now consolidating near it. It seems the price will continue trading near the area until the close of the week. Traders will wait for further reactions from the area before deciding on next direction. If the price could bounce from the area then $1,780 – $1,800 is the area to watch as target.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver stick near $18.50

Silver prices made a close below the $18.50 support level yesterday. The price is expected to continue trading near the level until the closing of the week. Traders will wait for reactions from the level. If there is a bullish bounce reaction then $20.00 is the resistance level to watch. At the current time, the trend is bearish which means traders better avoid taking long positions.

Today’s Critical levels to watch:

Support: $18.50

Resistance: $20.00, $21.35, $23.00, $23.90

Crude oil maintains the $95.25 support level

A bearish movement below $95.25 happened yesterday. Fortunately, the price could recover and close the day above $95.25. We have a bullish pin bar pattern and there is bullish follow-through today. If the price could continue to build bullish pressure then traders will expect the upward movement to target $100.00 and $106.00.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00