Gold stick near the daily SMA 200

There is not much movement in gold prices yesterday as the U.S market is closed. Today, the precious metal moving sideway too. We will monitor the price movement near the daily SMA 200 and the $1,850 level. Will gold prices continue the upward movement and target $1,900 resistance level? Alternatively, will it resume the bearish movement to target the level below $1,780?

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $1,953

Silver retest $21.35?

Silver prices have returned above the $21.35 level and currently trading near it. On the upside, the price will target the $23.00 – $23.90 resistance level. Meanwhile, if silver prices close below $21.35 then it will reopen the scenario toward the $20.00 support level. We think the price will continue the sideway movement near the $21.35 level.

Today’s Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil tested the level near $106.00

Crude oil prices started a bearish correction and managed to reach the level near $106.00 yesterday. There is a weak bullish reaction from the level. We might see further weakness to retest the $106.00 level. Traders will continue to monitor the price reaction near the level for a chance to enter long positions.

Today’s critical level to watch:

Support: $106.00, $100.00, $95.25, $90.00

Resistance: $130.00