Gold tested the level near $1,780

Gold continues its bullish movement without much trouble. The precious metal expected to continue its bullish movement as traders and investors spooked by coronavirus rate of infection. We have a surge in new cases around the world and it might lead to another lockdown.

The economic recovery will continue but it might get into the shaky road.

Today critical levels to watch:

Support: $1,750

Resistance: $1780

Silver looking to maintain $17.50 – $17.73 area

The silver prices are under pressure today, fall below $17.50 – $17.73 support area. However, the price makes recovery and currently traded above $17.50. Bull traders will aim for a close above $17.73 to nullify the current bearish pressure. If silver could close above $17.73 then we might see it trade toward $18.50 soon.

Today Critical levels to watch:

Support: $17.50, $17.00, $16.80

Resistance: $17.73, $18.00, $18.50

Crude oil started a new bearish leg?

We have a bearish movement with moderate momentum below $38.50. Crude oil prices might be set to start a new bearish trend. If the bearish movement continues then traders will expect crude oil to target $30.00 – $33.00 area. Long positions are not suggested if the price could reach the level.

At the current time, the previous higher low lies at $34.36. Any movement below the level will print lower low and threaten the current bullish trend.

Today critical level to watch:

Support: $33.00, $30.00

Resistance:  $40.00