Gold more record high

Gold prices continue to move up and set new record high prices. The trend is still bullish so traders will assume that strengthening can continue to occur to form a higher high point. As before, traders will wait for a bearish correction in price to the support point for the opportunity to add to long positions.

Today’s critical levels to watch:

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

Resistance:

Silver bullish continuation

Silver price has moved above the $23.90 mark and will now target the $25.00 – $26.00 area. The trend of silver prices will follow the movement of gold prices which are now continuing to form new highs. When there is a decline in the price of silver to the support point, traders can use this opportunity to add to long positions.

Today’s Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil consolidates between $77.13 – $80.00

After moving bullishly above the $77.13 point, it turns out that the price of crude oil was limited by the $80.00 point. A decline occurs and consolidation will take place between the points of $77.13 and $80.00. Traders can use the bottom of this area to enter long positions when a bounce reaction occurs.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $85.00, $90.00