Gold sideways movement

Gold prices are still in a bullish trend and traders will only trade long positions in this situation. A bearish correction is what traders are waiting for so they can enter long positions. For now, $2,143 is the closest support point that traders can pay attention to. Additionally, points in the range of $2,050 and $2,000 may also become targets for a bearish correction if the $2,143 point cannot be maintained.

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance:

Silver further correction toward $23.00 – $23.90?

Silver prices experienced bearish pressure and fell below the $25.00 mark last week. The price situation is still bullish for the long term and it can be said that this is a bearish correction to the support point. Traders can wait in the $23.00 – $23.90 area for opportunities to add to long positions. When the pair manages to close above $26.00 then the long-term trend of silver prices will return to bullish.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil is trading near $80.00

Crude oil prices are experiencing bearish pressure and are expected to move towards $80.00. Prices have fallen but have not managed to reach that point. For now, consolidation will take place not far from that point and traders will wait for a bullish reaction. When prices can bounce up with strong bullish pressure, the bullish trend can resume.

Today’s critical level to watch:

Support: $80.00, $77.13, $70.00

Resistance: $85.00, $90.00