Gold more bearish pressure

Gold continues its bearish movement and made a close below $1,700 yesterday. The precious metal currently moving inside the $1,680 – $1,700 range. If the price continues moving lower and closes below $1,680 then traders will expect a long-term bearish continuation toward the $1,500 – $1,550 area.

Today critical levels to watch:

Support: $1,680

Resistance: $1,700, $1,780, $1,800

Silver closed near $25.00

Silver price experienced more bearish pressure and closed near the $25.00 support level. The price currently will trade between $25.00 – $26.00 and attempt to break out from it. If the price close below $25.00 then we might have a long-term bearish confirmation which could push the silver price down toward $21.35

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

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

Crude oil extend the bullish trend

Crude oil price leaps from $60.00 to close near $65.00 after OPEC+ decide to leave the production cut as it is. Without any change in the production level, crude oil price might extend its bullish movement and reach the $70.00 resistance level next.

Today critical level to watch:

Support: $60.00, $57.60

Resistance: $65.00, $70.00