Gold bullish close at $1,780

Gold prices printed first bullish close since the bearish movement from the $1,900 handle. The price closed inside the $1,780 – $1,800 area and might start a consolidation. If the price could close above $1,800 at the end of the week then there is a chance for a bullish reversal.

Today critical levels to watch:

Support: $1,780, $1,700, $1,680

Resistance: $1,800, $1,850, $1,900

Silver looking to bounce from $25.00 – $26.00 area

Silver prices fell from $27.50 toward $25.00 – $26.00 area. The price formed a bullish close yesterday and will attempt to bounce from the area. If the price could build strong bullish pressure from the area and close above $26.00 at the end of the week then we might see a new bullish leg next week.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $29.00, $30.00, $31.50

Crude oil continue bullish movement

The price of crude oil made bullish close yesterday and printed a new higher high. The price is set to continue its bullish trend above $70.00 and target the next resistance level at $77.13. No change to the strategy yet, trades will continue to hold long positions for now.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13