Gold stick near $2,000

Gold prices have not made a strong reaction at the $2,000 support level. The price might keep testing the level and waiting for further reactions. If the price could bounce upward with strong bullish pressure then the bullish trend could continue. On the other hand, if the price continues to move lower then $1,953 and $1,900 will become the next target to watch. Traders could prepare to enter more long positions when the price manages to reach both levels and form bullish reactions.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850

Resistance: $2,000, $2,069, $2,074

Silver continues toward $23.00.

Silver prices pushed lower and reached the $23.90 level. The price currently consolidating near the $23.90 level and might continue the bearish movement toward $23.00. If the price continues the bearish movement and reaches $23.00 then traders will wait for bullish reactions to enter long positions. On the upside, the price will target the level above the $25.00 – $26.00 area and continue the long-term bullish trend.

Today’s Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil bounced from $70.00

Crude oil prices managed to bounce and print a bullish close yesterday which could become a bullish confirmation. On the upside, the price will target the $77.13 level if a bullish bounce happens. A new higher high above the $77.13 level will confirm a long-term bullish continuation. However, if the price continues moving lower again below $70.00 and prints a new lower low then the bearish trend will continue.

Today’s critical level to watch:

Support: $77.13, $70.00, $65.00

Resistance: $80.00, $85.00, $90.00, $95.25