Gold charging to the upside

An all-time high printed on the gold daily chart. There is no indication of bearish reversal yet. Yesterday, the bear attempted to reverse the price but at the end of day, gold manage to close higher. At the current time, gold is trading above $1,950 and might extend its bullish movement toward $2,000.

It is better to avoid taking short positions at the current time.

Today critical levels to watch:

Support: $1,950, $1,919.90, $1,900

Resistance: $2,000

Silver waiting for more reaction from $25.00 – $26.00

More bullish pressure seen in the silver prices yesterday. The price managed to reach $25.00 – $26.00 area and got rejected from it. Initially, the price fell sharply below Monday low but managed to close near the opening level at the end of the day.

Traders will continue to observe the price reaction for now.

Today Critical levels to watch:

Support: $21.35, $20.00, $18.50

Resistance: $25.00, $26.00

Crude oil continues sideway

There is no change in the crude oil outlook yet. The price continues moving sideline above $40.00 without strong momentum. We will continue to monitor the price reaction above $38.50 – $40.00 for now.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00