Gold return above green box area

After yesterday’s bearish close, gold prices immediately made a bullish reaction today and exceeded yesterday’s high point. If the price can maintain its bullish pressure and closes above the green box area then there is an opportunity for a continuation of the bullish movement. Still the same as before, if the price moves down and closes below the green box area then the direction of movement can change to bearish.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver trading below $29.00

Bearish pressure on silver prices managed to push prices down to close below the $29.00 point. Today, we saw a bullish attempt above the $29.00 point but the price seems to have lost its bullish momentum. There is a possibility that the price will close not far from the opening point. For now, traders will still watch the development of price movements near the $29.00 point.

Today’s Critical levels to watch:

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

Resistance: $31.50, $35.25

Crude oil sideways movement

Crude oil prices are holding above the $80.00 level but there is no movement with strong momentum at the moment. The price will continue its movement not far from the $80.00 point. Traders will still be waiting to see whether the price will fall back below $80.00 or continue its upward movement towards $83.85.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $83.85, $85.00, $90.00