Gold more ranging movement

Gold prices continue its ranging movement between the $1,780 – $1,800 and the daily SMA 200. There is no breakout from the range yet and traders will continue to monitor the price movement for now. Will the price breakout above the range and continue the bullish trend? Alternatively, will it breakout below $1,780 and print a new lower low to confirm the bearish trend.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900, $1,953

Silver stick above $21.35

Silver prices building bullish pressure at the $21.35 support level. There is a bullish attempt today to continue the upward movement. If silver prices could continue the bullish movement then it will target the $23.00 – $23.90 area. On the other hand, if the price starts moving lower again and print a new lower swing low then the bearish trend will continue.

Today’s Critical levels to watch:

Support: $21.35

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil correction toward $106.00

Crude oil prices have printed a higher swing high and are set to continue the bullish trend. However, the price currently under bearish pressure and move lower toward the $106.00 level. We could see a bullish channel on the chart where the price expected to find support. Traders will wait near $106.00 and the bottom of channel for chance to enter long positions on bullish reactions.

Today’s critical level to watch:

Support: $106.00, $100.00, $95.25, $90.00

Resistance: $130.00