Gold sideway trading

Gold has not shown many reactions in the middle of $1,680 – $1,800. The price continues trading sideways and waiting for a trigger to move. Trades will continue waiting for the bullish correction to reach $1,780 – $1,800 and test the area. When there is a bearish reaction from the resistance area then traders could enter short positions.

Today critical levels to watch:

Support: $1,700, $1,680, $1,550, $1,500

Resistance: $1,780, $1,800

Silver start moving lower from $26.00

The silver price has stuck near the $26.00 resistance level for 2 weeks. The price finally shows a bearish reaction from it and might start a bearish movement toward $25.00. At the current time, the price is expected to continue trading between $25.00 – $26.00 while waiting for a breakout.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $30.00, $31.50

Crude oil bounce from $60.00?

The bearish pressure from $65.00 has brought the price down below $60.00. Crude oil currently attempting to build bullish pressure to bounce from the level. Will the price bounce from $60.00 and continue its bullish trend toward $70.00? Traders currently will use $60.00 as a support level and a place to enter long positions.

Today critical level to watch:

Support: $60.00, $57.60, $55.80, $54.50

Resistance: $65.00, $67.20, $70.00