Gold bullish reversal

Gold prices pushed lower below the green box area or the Fibonacci Retracement area. Initially, the price fell below the area but a major bullish reversal happen, and it is currently trading above the opening level. If the price continues building the bullish pressure, then traders could expect a new bullish leg starting from the current level. However, if bearish breakout happen again then the price could target the $2,981 – $3,000 levels.

Today’s critical levels to watch:

Support: $3,250, $3,200, $3,150

Resistance: $3,350, $3,400, $3,500

Silver bullish reaction

The bearish movement of silver prices produced bullish reactions before it could reach the $31.50 support level. At the current time, the price is trading near the opening level and might close the day near it. If the price turned higher again, then the $33.00 level is the resistance level. No change to the ranging situation of the pair between $31.50 – $33.00 area yet. When a breakout and close outside the range happen, traders will get confirmation on the next direction.

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $33.00, $35.25

Crude oil bearish continuation?

Crude oil prices start moving lower again today with moderate momentum. The price fell below the green box area but made a pullback. At the current time, the price stays near the bottom of the area and no confirmation yet. If the price closed inside the range at the end of day, then traders could expect further upside in the next trading day.

Today’s critical level to watch:

Support: $60.00, $52.4

Resistance: $65.00, $67.20, $70.00, $77.13