Gold continues the bullish trend

Gold prices extended its bullish close and closed near $1,900 handle. The price continues its bullish movement today above the resistance level and is expected to target $1,950 also $2,000 resistance levels next. Traders will continue to avoid short positions and hold long positions for now.

Today critical levels to watch:

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

Resistance: $1,900, $2,000

Silver bullish continuation

Silver prices traded sideline near the trendline after founding support. The price seems to build more bullish pressure and is set to bounce from the trendline. The same as previous analysis, we think the price will reach the $31.50 resistance level in the long term.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $30.00, $31.50

Crude oil ready to test the top of the yellow box

The previous bearish breakout below the yellow box area seems to become a bear trap. Crude oil prices currently trading near the top of the yellow box area and will seek to break out above it. As long as there is no breakout, the consolidation inside the box area will continue. Traders will wait for a breakout and close above the box area for confirmation.

Today critical level to watch:

Support: $65.00, $60.00, $57.60, $55.80, $54.50

Resistance: $67.20, $70.00