Gold continues moving upward

Gold continue to build up bullish pressure and managed to close the day above $1,850. There is a bullish continuation today that surpassed yesterday’s high. If the bullish pressure continues then gold prices could move up and target $1,900. Traders will wait near the resistance level for reactions. A close above $1,900 is needed to confirm the continuation of the bullish trend, otherwise, a bearish reversal might happen.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $1,953

Silver target $23.00 – $23.90

Silver prices are on the path upward after it reclaims the $21.35 support level. On the upside, $23.00 – $23.90 will become the resistance area to watch for a possible bearish reversal. If the price gets rejected with strong bearish momentum then we might see another attempt toward the $20.00 support level.

Today’s Critical levels to watch:

Support: $21.35

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

Crude oil retesting $106.00?

Crude oil prices have not continued the upward movement after the bounce from $106.00. The price seems moving lower and might retest the $106.00 handle. Traders will observe the price movement while holding long positions for now. As long as there is no lower swing low printed on the chart, the trend will continue bullish.

Today’s critical level to watch:

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

Resistance: $130.00