Gold stick near $1,953

After being pushed down and making a lower low, gold prices managed to reverse direction before yesterday’s close. Today there was an increase in the price of gold but now the price has returned to its opening point. The situation for the gold price remains bullish for the long term, but there is a possibility that consolidation near $1,953 can still take place as long as the price continues to lose momentum.

Today’s critical levels to watch:

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

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

Silver return inside $23.00 – $23.90

Silver prices briefly dipped below $23.90 but eventually closed near that point yesterday. Today the price seems to be trying to move above the $23.90 point. However, gains in silver prices seem to be losing their bullish momentum. There is a possibility that the price will close near $23.90 by the end of this week. Trend-wise, silver prices are still in a bullish trend but need further confirmation for an advance above $25.00 – $26.00.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil trading near $70.00

The bounce from crude oil prices is ongoing at the moment. Prices closed above $70.00 yesterday and it looks like there is a bullish attempt today. Despite the situation, there are no gains with strong bullish momentum so prices are likely to close near $70.00 later this week. If the price can advance with the strong bullish momentum next week then the upside move could continue towards $77.13.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00