Gold heading toward $1,780 – $1,800

Gold upward movement continue in today trading session. The price is getting near the $1,780 – $1,800 area where a bearish rejection might happen. As long as the price stay below $1,800, traders will continue stick with medium-term bearish scenario. On the lower side, $1680 – $1,700 area is the place to look for long positions with stop below it.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver closed near $20.00

Silver prices launched upward in yesterday’s trading session and closed near the $20.00 handle. The price currently building more bullish pressure to attempt a close above $20.00 at the end of the week. A close above $20.00 will open a path toward the $21.35 resistance level.

Today’s Critical levels to watch:

Support: $18.50, $16.00

Resistance: $20.00, $21.35, $23.00, $23.90

Crude oil has more sideway movement near $95.25

The bullish reversal against the U.S dollar was experienced by other major instruments but not crude oil. The price situation is mostly flats near the $95.25 support level. As long as the price stay above $95.25, there is a chance for the price to make a bullish reversal. A close below $95.25 is a major bearish continuation confirmation.

Today’s critical level to watch:

Support: $95.25, $90.00

Resistance: $100.00, $106.00, $130.00