Gold more sideways movement near $1,900

Gold bullish trend expected to continue toward $1,950 and $2,000. At the current time, the price continues its sideways movement near the $1,900 resistance level. There is no major reaction yet which means traders will continue to observe the price reaction for now.

If the price makes a bearish correction then traders could use $1,850 and the daily SMA 200 to add more long positions.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $2,000

Silver bearish pin bar pattern

Yesterday, silver prices extended its bullish movement initially. However, at the end of the day, the price reversed and closed the day lower. We have a bearish pin bar pattern that indicates a possible bearish reversal. Silver prices are currently supported by the trendline and will seek to bounce from it.

If the silver price could bounce from the trendline then traders will expect a bullish continuation toward $30.00 and $31.50.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $29.00, $30.00, $31.50

Crude oil closed above yellow box area

Crude oil prices finally break out and closed above the yellow box area. We expect the price to continue its bullish movement and target the $70.00 handle next. At the current time, traders could use the breakout level to enter long positions when a retest happens.

Today critical level to watch:

Support: $67.20, $65.00, $60.00

Resistance: $70.00