Gold strong bearish pressure

Gold prices continue its bearish pressure and closed near the $1,680 support level. The price currently holding out near the support level and will attempt to bounce from it. If the price could bounce and close above $1,700 then the trend will reverse from bearish to bullish.

Today critical levels to watch:

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

Resistance: $1,780, $1,800

Silver more bearish pressure

Silver prices finally fell and close below $25.00. The price continue its bearish close yesterday and distanced itself from the $25.00 level. If the price makes a bullish correction toward $25.00 then traders could consider entering short positions on bearish reaction.

Today Critical levels to watch:

Support: $21.35, $20.00

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

Crude oil stick near $60.00

The price managed to print higher high but it closed near $60.00 at the end of the day. At the current time, not much reaction yet from the support level. Traders could continue to hold long positions with a stop below $57.60 for now. More long positions could be taken between $57.60 – $60.00.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00