Gold closed near the daily SMA 200

Gold prices could not continue its bullish movement last week and closed lower. The price continue its bearish movement yesterday and closed near the daily SMA 200. At the current time, there is a bounce reaction from the averages, and the price trade is near the $1,850 level. Will the price bounce and continue moving upward to target $1,900? Alternatively, will it breakout below daily SMA 200 and target the $1,780 – $1,800 area?

Today critical levels to watch:

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

Resistance: $1,900, $1,953

Silver hanging at the middle of $21.35 – $23.00

Silver prices have bounced from the $21.35 support level and currently hanging at the middle of $21.35 – $23.00. It seems the price could not continue the upward movement smoothly. Traders will continue to monitor the price reaction for now. If the price start moving lower again then we might see a bearish breakout to target $20.00.

On the upside, $23.00 – $23.90 is the area to watch as a target.

Today’s Critical levels to watch:

Support: $21.35

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil slowly moving toward $130.00

Crude oil prices are in a bullish trend and the upward target is the $130.00 resistance level. There is a bearish reaction but the price continues printing higher high and higher low which means no reason to turn bearish. If the price makes a bearish reaction then traders could use the moment to enter long positions near support levels.

Today’s critical level to watch:

Support: $106.00, $100.00, $95.25, $90.00

Resistance: $130.00