Gold extends bullish pressure, target $1,900

There is hardly anything to stop gold from moving higher at the current time. The upward movement of the precious metal mostly attributed to the weakness of the U.S dollar. Today, gold has reached the $1,850 resistance level. It might continue moving bullishly and target the $1,900 resistance level next.

Today critical levels to watch:

Support: $1,850, $1,800

Resistance: $1,900

Silver on the path upward toward $25.00

Silver launched upward and closed near the 21.35 resistance level. Today, the bull continues the previous day bullish movement and has moved above $21.35. If the bull could maintain the current bullish momentum then we might see silver trading near $25.00 – $26.00 soon.

Today Critical levels to watch:

Support: $21.35, $20.00, $18.50

Resistance: $25.00, $26.00

Crude oil higher high

Crude oil printed a higher high above the previous month high. It could mean the price will continue its bullish movement and target a higher resistance level. The next major resistance level to watch is $49.00 and $50.00. Traders who have long positions could continue to hold the positions for now. Meanwhile, short positions are not suggested at least until the price makes bearish movement below $38.50.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00