Gold extends bullish pressure above $1,800

The bullish trend of gold prices continues above $1,800 handle and printed higher high on the daily chart. Gold prices expected to continue its bullish movement and target the $1,850 resistance level or higher. Under the current situation, traders might want to avoid short positions and stick with long positions only.

Today critical levels to watch:

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

Resistance: $1,850

Silver surpass the $20.00 handle

The bullish movement of silver prices has surpassed the $20.00 handle today. No bearish indication from the $20.00 handle yet. Trades will continue to observe the price reaction near $20.00. If there is no weakness seen then silver prices might reach $21.35 resistance level soon.

Today Critical levels to watch:

Support: $20.00, $18.50

Resistance: $21.35

Crude oil start new bullish leg

The upward movement of crude oil prices continues in today’s trading session. The new high reached and currently crude oil testing the gap close level. No conclusion yet on the crude oil next long-term direction. As long as there is no lower low printed, traders could continue to hold long positions for now.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $50.00