Gold stick near $2,000

The upward movement of gold prices received a bearish reaction yesterday as the price closed below $2,000. Despite the situation, there is no bearish continuation today and gold prices currently climbing above $2,000. Traders will expect the price to continue its bullish movement and target previous record highs.

Today critical levels to watch:

Support: $2,000, $1,953

Resistance: $2,074.69

Silver return inside $25.00 – $26.00

Silver prices closed lower yesterday after the breakout above $26.00. The price return inside the $25.00 – $26.00 area and might consolidate inside it. If the price continues the bearish movement then traders could use $25.00 as a level to enter long positions with a stop below $23.90. We think the price will continue the current bullish movement and target $27.50.

Today Critical levels to watch:

Support: $25.00, $23.90, $23.00

Resistance: $26.00, $27.50

Crude oil bearish correction

Crude oil prices traded lower yesterday with strong bearish momentum. It could be a profit-taking action and set the path to continue moving upward. At the current time, the price hovered above $106.00 and bounced from it. As long as there is no close below $106.00 and $100.00 then there is no reason to become bearish yet.

Today’s critical level to watch:

Support: $106.00, $100.00, $90.00

Resistance: $130.00