Gold hovering at the middle of $1,900 – $1,950

Gold prices situation currently waiting for further development at the middle of $1,900 – $1,950. No major movement yet at the beginning of the week. Traders will expect the price to range between $1,900 – $1,950 this week and wait for a breakout. We think the price has a chance to continue the bullish trend and target a level above $2,000.

However, if a bearish breakout happens then the price might continue the bearish correction toward $1,850 and $1,800.

Today critical levels to watch:

Support: $1,900, $1,850

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

Silver stick near the $25.00

Last week, silver prices closed the week below $25.00 but not far from it. The price currently trading near the level and waiting for further reaction. If the price continues lower then traders will wait near the yellow box area for the chance to enter long positions. On the other hand, if an upward bounce happens then traders will expect a retest on $26.00.

Today Critical levels to watch:

Support: $25.00, $23.90, $23.00

Resistance: $26.00, $27.50

Crude oil continues moving upward

Crude oil building more bullish positions as expected. The price has made two bullish closes to return above $100.00. Currently, the price continues the bullish movement above $106.00. If there is no major change in the current bullish movement then traders will expect crude oil prices to target the $130.00 resistance level again.

Today’s critical level to watch:

Support: $106.00, $100.00, $90.00

Resistance: $130.00