Gold moving between $1,953 – $2,000

Gold prices are expected to continue bullish this year following the interest-rate situation, which should peak soon. Traders could use the bearish correction in gold prices to enter long positions near support levels. When the Fed decides to hold interest-rate or cut rate then it is the confirmation that the bullish trend will resume.

Today’s critical levels to watch:

Support: $1,900, $1,850

Resistance: $1,950

Silver closed inside $23.00 – $23.90

Silver prices have reached the $23.00 – $23.90 area and currently will consolidating inside it. The price will continue the bullish movement and traders will use each bearish correction as a chance to enter long positions. On the lower side, $21.35 is the place to enter long positions if the price manage to reach it.

Today’s Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil testing $70.00

The $65.00 support level target has been reached in crude oil prices. There was a bullish reaction and the price manage to bounce toward $70.00. At the current time, the price will test the $70.00 handle and look for a breakout above it. If the price could close above $70.00 then there is an upward chance toward $77.13. On the other hand, bearish continuation from the current level could bring the price down below $65.00.

Today’s critical level to watch:

Support: $77.13, $70.00

Resistance: $80.00, $85.00, $90.00, $95.25