Gold hanging near top

The price form a new record high today but is set to close the day lower. Nevertheless, no bearish correction confirmation and the price has not shown major weakness. If there is no bearish correction then the price could continue trading sideways and climbing slowly. On the upside, $3,100 will become the next target to watch. If a bearish correction happens then $2,955 could be the maximum level the price could reach.

Today’s critical levels to watch:

Support: $3,000, $2,981, $2,900, $2,800

Resistance: $3,100

Silver bounced from $33.00

Silver prices under bearish pressure today and undergo significant bearish pullback. The bearish movement reached the level near $33.00 before it bounce upward. If the price could continue the bullish movement immediately and breakout higher, then it will target $35.25 next. However, if there is no immediate upward movement then we might see sideways movement not far from $33.00.

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil moving upward above $67.20

Crude oil prices mostly higher today, above the $67.20 level. It might extend the upward movement to target the $70.00 level. However, there is chance of sideways movement near the $67.20 level too. At the current time, a close above $70.00 might confirm a new bullish leg. On the other hand, a bearish breakout below $65.00 is a bearish continuation confirmation.

Today’s critical level to watch:

Support: $65.00

Resistance: $67.20, $70.00, $77.13, $80.00, $83.85