Gold more consolidation near $1,800

Not much movement in gold prices yet at the current time. The precious metal continues stuck near the $1,800 level and might extend the sideway movement. Traders will continue monitor the price reaction near the $1,780 – $1,800 area. Bullish momentum from the current level could bring the precious metal higher toward $1,850 and all-time high $1,919.90

Today critical levels to watch:

Support: $1,800, $1780, $1,750

Resistance: $1,850

Silver targetting $20.00

Silver printed fourth bullish close yesterday and seems will continue moving upward to target $20.00. The precious metal slightly lower today but maintained the positions inside the previous day range. If the price could reverse its bearish pressure then we might see further bullish close.

If the price could reach the $18.50 support level then traders could consider entering long positions.

Today Critical levels to watch:

Support: $18.50, $18.00, $17.73

Resistance: $20.00

Crude oil waiting for a trigger to move

The consolidation of crude oil prices continues and no higher high printed above the previous month high yet. The price has not moved far from $40.00. Without much movement, crude oil will continue consolidating near the $38.50 – $40.00 area for now.

Today critical level to watch:

Support: $38.50

Resistance: $40.00, $50.00