Gold waiting for more information

Gold prices managed to bounce from the $1,900 support level and move upward to the $1,953 level. No bullish continuation yet, the price is waiting for more triggers to move. If the price could climb and close above $1,953 with strong bullish momentum then the bullish trend is set to continue. On the other hand, if the price trade is lower below the $1,900 level then the bearish movement could target $1,800 and $1,850.

Today critical levels to watch:

Support: $1,900, $1,850

Resistance: $1,953, $2,000, $2,074.69

Silver testing the $25.00 level

Silver prices have returned inside the $25.00 – $26.00 area and are set to continue moving upward. However, the price is currently under bearish pressure as it tests the $25.00 handle. If the price could bounce and close above $25.00 at the end of the week then there is a chance of bullish continuation next week.

Today Critical levels to watch:

Support: $25.00, $23.90, $23.00

Resistance: $26.00, $27.50

Crude oil testing the $106.00

A bullish bounce is expected after a sharp bearish correction. Crude oil prices were slightly higher above the $100.00 and tested the $106.00 handle today. No breakout above the level and the price might settle between $100.00 – $106.00 before the closing of the week. If the price could continue moving upward with strong bullish momentum next week then the bullish trend could continue.

Today’s critical level to watch:

Support: $100.00, $90.00

Resistance: $106.00, $130.00