Gold strong bearish pressure

Gold prices are moving lower with strong bearish pressure. The price has fallen below $1,700 and set to target $1,680. If the price breakout below $1,680 and close below it then traders will expect the trend to continue bearish. At the current time, traders will continue to observe the price reaction between $1,680 – $1,700. Strong bullish reaction from the area could be used as a trigger to enter long positions.

Today critical levels to watch:

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

Resistance: $1,780, $1,800

Silver bearish confirmation

We have a breakout and close below $25.00 in silver prices. It is a confirmation that the trend will continue to be bearish for now. Today, the price has fallen below the previous day’s low. Without any bullish reaction, it is better to avoid taking long positions.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00, $27.00, $30.00, $31.50

Crude oil waiting for bullish trigger

Not much movement in crude oil yet which continues trading near $60.00. The price attempted to continue moving further upward but no major close above $60.00 yet. At the current time, the price has moved back lower and might test $60.00 soon.

Crude oil price will wait for a further trigger to move from the $57.60 – $60.00 area.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00