Daily Oil, Gold, Silver Technical Analysis | July 22, 2021

Gold more bearish pressure

Free $100 Forex No-Deposit Bonus

Gold prices are expected to consolidate between $1,800 and the daily SMA 200. The price currently experiences bearish pressure and falls below $1,800. If the bearish pressure continues to mount then we might see gold price trading near $1,780 soon. On the long-term view, if the price could reclaim the level above daily SMA 200 then there is a chance for bullish continuation.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850, $1,900

Silver stick near $25.00

The test on the $25.00 support level is still in progress. Silver prices managed to close yesterday’s trading session with a bullish close above $25.00. However, the price is currently under bearish pressure. Will the price continue to maintain the level above $25.00 and resume its bullish movement toward $26.00?

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $29.00, $30.00, $31.50

Crude oil return above $70.00

Crude oil bounced from the yellow box area with strong bullish momentum. The price closed above $70.00 yesterday and is set to continue its bullish movement toward $77.13. The price needs to maintain the close above $70.00 until the end of the week to confirm the sustainability of the current bullish reaction.

Today critical level to watch:

Support: $70.00, $67.20, $65.00, $60.00

Resistance: $77.13

Copyright © 2021. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.