Gold continue sideways

There is no significant movement in the price of gold which is still hovering near the green box area. The price movement is still flat and awaiting further confirmation. Currently, the price of gold has not formed a lower swing low point so the trend is still bullish. As long as the price remains above the green box area, there is a chance for a continuation of the increase.

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance: $2,400

Silver bounced from $29.00

Silver prices have so far continued to hold above the $29.00 level and there was a bounce today. Even if there is a bounce, the price will likely continue its sideway movement near the $29.00 level and traders will wait for further reaction. When there is an increase that forms a higher high, the price of silver will continue to strengthen to $30.00 and $31.50.

Today’s Critical levels to watch:

Support: $30.00, $26.00, $25.00, $23.90, $23.00

Resistance: $31.50, $35.25

Crude oil extends bullish movement

The increase in crude oil prices continues after closing above $80.00 yesterday. The price rose above yesterday’s high and practically formed a higher high above the high of several weeks. However, there is a possibility that the price will move down again and close not far from the opening point. Traders will now wait for confirmation whether the price can stay above the $80.00 level or not until the end of this week.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $83.85, $85.00, $90.00