Gold more consolidation near $1,953

Gold prices are seen moving flat near $1,953 and still unchanged. Today price decline might continue towards the $1,900 level and traders will be observing the price developments. When the price reaches $1,900 or lower and forms a bullish reaction, it is an opportunity for traders to enter long positions. As long as prices continue to form higher swing highs and higher swing lows, the bullish trend can continue.

Today’s critical levels to watch:

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

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

Silver bearish pressure toward $23.00

Silver price consolidation between $23.00 – $ 23.90 is still ongoing but now it looks bearish with strong momentum. The price has reached $23.00 and is now going to test it. If the decline continues then the $21.35 point is the next downside target and traders can use it to enter long positions.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil stick near $70.00

Crude oil prices managed to bounce up but the price movement seems to be flat near the $ 70.00 point and traders will now wait for further reactions. If the price can bounce up then it might continue moving between the red and blue trendlines. However, if the price falls with strong bearish momentum and close below the trendline then the bearish trend could continue.

Today’s critical level to watch:

Support: $70.00, $65.00

Resistance: $77.13, $80.00, $85.00