Gold trade near green box area

The situation with the gold price is still the same as before where the price continues to be near the green box area. The price movement is still flat as expected and traders will continue to wait for the price reaction. When the price can make a bullish reaction and bounce up strongly then the bullish trend can continue. Meanwhile, if there is a sharp decline and closes below the green box area, the bearish movement will continue.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver bullish continuation

A bounce from the $29.00 mark occurred again in silver prices yesterday. Today, the price continues its strengthening and is above yesterday’s high point. If the price can make a significant bullish close above that high then the bullish trend can resume with the $30.00 and $31.50 points as upside targets.

Today’s Critical levels to watch:

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

Resistance: $31.50, $35.25

Crude oil target $83.85

The bullish close in crude oil prices confirmed the continuation of the rise above the $80.00 level. The price will try to continue its rise towards the $83.85 point next. Apart from this resistance point, crude oil prices are also likely to test the trendline which was previously broken bearishly. In this situation, will the price then continue its increase towards the $90.00 point?

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00