Gold target $2,000

Gold prices settled the week above the $1,950 level and printed a strong bullish close. The price is expected to continue its upward movement this week and target the $2,000 handle also print a new ATH. Traders will continue to apply a bullish strategy for now and stay cautious near resistances levels. If a bearish correction happens then traders could consider entering long positions.

Today critical levels to watch:

Support: $1,900, $1,850, $1,800, $1,780

Resistance: $1,953, $2,000

Silver ready to target $26.00

Silver prices built bullish pressure and managed to close above the $25.00 handle last week. The price is trading inside the $25.00 – $26.00 range and will attempt to breakout above the range. Traders will continue to hold long positions and wait for a breakout above the $26.00 handle. A breakout and close above $26.00 is a long-term bullish confirmation.

Today Critical levels to watch:

Support: $25.00, $23.90, $23.00

Resistance: $26.00

Crude oil maintain the close above $100.00

Russia – Ukraine situation gets worse each day and the war disrupts the world oil supply. Traders will continue to assume the price continue its bullish movement for now. It is better to avoid short positions until a major bearish reversal pattern is formed. If the price starts moving lower then traders will prepare near support levels to enter long positions.

Today’s critical level to watch:

Support: $100.00, $90.00

Resistance: $130.00