Gold stick near $1,953

In the long term, the price of gold is expected to continue its bullish movement. However, the price is currently seen consolidating near the $1,953 point and has no clue where to move next. If the price moves up it will test the $2,000 point. Traders will now continue to wait for developments while accumulating long positions. On the support side, as long as the 200 SMA can withstand bearish pressure, the trend is still bullish.

Today’s critical levels to watch:

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

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

Silver resume bullish movement above $23.00 – $23.90

The trend direction of the silver price is bullish with a possible test of the $25.00 – $26.00 area in the near future. As long as prices can continue to form higher swing highs and higher swing lows, the trend will continue to be bullish. For now, the $23.00 – $23.90 area is still a support area that can be used to add more long positions.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil more upside above $70.00

The price of crude oil rose above $70.00 last week. However, the price has not continued its upward movement in this week’s trading. The test of $70.00 is underway again and traders will be watching for further reactions. If the price can continue its increase then consolidation can take place between the red and blue trendlines.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00