Gold sideway movement near $1,953

There has been no further reaction to the price of gold at $1,953. The price movement will be sideways for now and waiting for further reaction. Traders will continue to maintain long positions while waiting for further declines to enter long positions at lower support points. Gold prices are expected to continue the bullish trend to print a new record high.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850

Resistance: $2,000, $2,069, $2,074

Silver set to test $23.00 – $23.90 area

Silver prices have sharply declined from the $25.00 point last week. A downside movement is possible to test the $23.00 – $23.90 area. Traders will observe the price reaction near that area. If there is a strong bounce then the price can continue its upward movement. A close above $26.00 would be further bullish confirmation.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil extend bullish movement above $80.00

The bullish trend in crude oil prices continues above $77.13. The price is climbing above the $80.00 point and will try to form a higher swing high. For now, the $77.13 point as well as the red trendline will be the support points that traders can watch.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00