Gold continues near $1,953

Gold prices experienced upward pressure but the price is still trading near the point of $1,953. If the decline occurs then the consolidation between $1,900 – $1,953 will still continue. Traders will continue to maintain long positions and also anticipate further weakness towards $1,900 and the daily SMA 200. If a move towards support levels occurs, traders can use this opportunity to enter long positions.

Today’s critical levels to watch:

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

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

Silver closed near $25.00 – $26.00

A sharp rise occurred in the price of silver and brought prices to a close not far from the $25.00 – $26.00 area. The silver price will test this area and wait for further reaction. In the long term, the price is expected to continue its bullish trend and soon form a higher swing high point. Traders will continue to take advantage of every drop that occurs as an opportunity to enter long positions.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil bearish reaction at $77.13

After reaching the point of $77.13, the price of crude oil gave a bearish reaction at the end of the week. Prices closed lower and there is a chance of a bearish correction this week. However, the price situation remains bullish and any downside would be an opportunity to enter long positions. The blue bearish trendline and the point of $77.13 will be the focus of attention this week as resistance.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00