Gold bullish continuation

Gold prices building more bullish pressure and printed new higher swing high. The price seems will continue the upward movement to target the $3,100 resistance level. Traders could use the previous swing high as support level when bearish pullback happen. If the price make a major bearish correction toward $2,950 – $3,000 area then it is chance for traders to add more long positions.

Today’s critical levels to watch:

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

Resistance: $3,100

Silver getting near $35.25

We have $35.25 as long-term bullish target and now silver prices is not far from the level. If there is no change to the situation and no major bearish correction happening, then we might see the price sitting near $35.25 next month. After the resistance level reached, traders will expect a major bearish pullback to happen.

Today’s Critical levels to watch:

Support: $33.00, $32.50, $31.50

Resistance: $35.25

Crude oil stick near $70.00

Crude oil prices keep pressuring to the upside at the $70.00 resistance level. The price might continue trading sideways near the level and traders will wait for reactions. Will the price close above $70.00 and confirm a bullish continuation? Alternatively, will the price turn lower again to test the $67.20 and $65.00 level?

Today’s critical level to watch:

Support: $65.00

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