Gold moving toward $1,953

The movement of gold prices continues bearish as the price fall below the $2,000 handle. At the current time, the price might continue the bearish movement toward the $1,953 support level. Traders will monitor the price movement near the support level for a chance to enter more long positions. In the long term, we think the price could continue moving upward to target a new record high.

Today’s critical levels to watch:

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

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

Silver resume bearish movement

Silver prices continue the bearish movement below the $23.90 support level and now will target the $23.00 support level. No change to the previous strategy, traders will wait near support levels for a chance to enter more long positions. When the silver prices form a new higher low, traders could enter long positions targeting the level above $26.00.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil consolidating near $70.00

Crude oil prices managed to return above the $70.00 level and might continue the bullish movement to target the $77.13 level. At the current time, the price trading lower to retest the $70.00 support level. A consolidation is in progress and traders will wait for further reactions. If the price could bounce upward then it will target the $77.13 resistance level.

Today’s critical level to watch:

Support: $77.13, $70.00, $65.00

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