Gold bullish continuation

The bullish movement of gold continues last week after a breakout above the $1,780 – $1,800 area. It is currently moving upward and soon will reach the daily SMA 200 also the $1,850 resistance level. No action to do yet at the current time, traders will continue to hold long positions and observe the reaction from the daily SMA 200 also $1,850 resistance level.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850

Silver on the path toward $31.50

On the long-term view, the silver price is expected to reach $30.00. Currently, the price has moved above the previous week’s high and will test the horizontal line. Traders will continue to hold long positions and add more positions when a bearish correction happens.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude oil more ranging movement near $65.00

Once again, crude oil undergoes consolidation near the resistance level. The price sticks to $65.00 and is expected to trade near it for now. We still think the price will continue moving upward and reach the $70.00 resistance level next.

Today critical level to watch:

Support: $65.00, $60.00, $57.60, $55.80, $54.50

Resistance: $67.20, $70.00