Gold holding out inside $1,900 – $1,950

The bearish pressure on gold prices managed to push the price down below $1,900. Fortunately, the price bounce and closed near the opening level. At the current time, gold prices might continue trading between $1,900 – $1,950 and waiting for a breakout from the area. Traders will wait for the closing outside of the range with strong momentum to confirm the next direction.

Today critical levels to watch:

Support: $1,900, $1,850

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

Silver bounced from yellow box area

As mentioned before, silver prices will target the yellow box area when a bearish correction happens. The bearish correction happened and silver prices tested the top of the yellow box area before staging a bounce. At the end of the day, silver prices closed the day as a pin bar pattern and currently waiting for bullish confirmation.

If the price could climb and close above the $25.00 handle then there is a chance of bullish continuation to retest $26.00.

Today’s Critical levels to watch:

Support: $25.00, $23.90, $23.00

Resistance: $26.00, $27.50

Crude oil stick near $106.00

Crude oil prices were under bearish pressure and traded lower. However, the price has not printed a lower swing low and we have a bounce from the trendline. At the current time, the price seems trading near the $106.00 handle. Traders will wait for the breakout from the triangle area to confirm crude oil prices next direction.

Today’s critical level to watch:

Support: $106.00, $100.00, $90.00

Resistance: $130.00