Gold moving inside the box area

Gold price is still in the bearish correction phase and is now trading inside the green box area. Price movements are expected to remain sideways for now with a bearish tendency. However, in the long term, gold prices still have the opportunity to continue their bullish trend to form new record highs. Traders will take advantage of the decline that occurs as an opportunity to enter a long position near the support point.

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance: $2,400

Silver reached $26.00

The decline in silver prices has now reached the $26.00 mark and will put it to the test. As previously estimated, the $25.00 – $26.00 area will be the attention of traders as well as a place to enter long positions when a bullish reaction occurs. However, if a lower swing low point is formed then there is a chance that the bearish movement will continue.

Today’s Critical levels to watch:

Support: $26.00, $25.00, $23.90, $23.00

Resistance: $30.00, $31.50

Crude oil testing of support levels

The situation of crude oil prices is currently still bearish and in a correction phase. The price close happens below the $80.00 point and the trendline so there is a chance of a decline towards $77.13. Traders will be watching for reaction from prices near $77.13 and $80.00 for now. When there is a strong bullish bounce and the price rises above $80.00 and the trendline then there is a chance of continuation of the bullish trend.

Today’s critical level to watch:

Support: $80.00

Resistance: $83.85, $85.00, $90.00