Gold getting near all-time high of $2,074.69

There is no stop to the bullish movement of gold yet. The price continue to add more gain yesterday and getting near the $2,074.69 all-time high. Traders who have no position will stay sideline for now. A short-squeeze above $2,074.69 is possible if there is no change to the current situation. On the downside, traders could use $2,000 as a level to enter long positions when a bearish correction happens.

Today critical levels to watch:

Support: $2,000, $1,953

Resistance: $2,074.69

Silver closed above $26.00

We have long-term bullish confirmation in silver as the price closed above the $26.00 handle. On the upside, $27.50 is the nearest target for the current upward movement. If the price makes a bearish correction then traders could use $25.00 – $26.00 as the area to enter long positions.

Today Critical levels to watch:

Support: $25.00, $23.90, $23.00

Resistance: $26.00

Crude oil hovering near $130.00

The direction of crude oil prices is bullish and it might not change for the short-medium term. The U.S make a move to ban Russian oil and other energy import. The ban might be followed by other countries which are expected to put more bullish pressure on crude oil prices. If the price move lower then traders will wait near the support level to enter long positions.

Today’s critical level to watch:

Support: $100.00, $90.00

Resistance: $130.00