Gold weak bullish reaction

A bounce from the green box area is taking place in the current gold price. However, the upward momentum looks weak compared to the bearish candlestick that was formed. If the price does not immediately move up sharply, there is a possibility that the price can reverse downwards again. Still the same as before, the green box area is a support area that traders can pay attention to. Meanwhile, a decline below the green box area could turn the trend direction bearish.

Today’s critical levels to watch:

Support: $2,143, $2,074, $2,069, $2,000

Resistance: $2,400

Silver retesting $31.50

The decline in silver prices did not reach the $29.00 point where the price immediately reversed upwards at around $30.00. For now, the price is again testing the $31.50 level and will try to continue its bullish trend. As written in previous analyses, the $35.25 point will be the long-term upward target for silver prices.

Today’s Critical levels to watch:

Support: $30.00, $26.00, $25.00, $23.90, $23.00

Resistance: $31.50

Crude oil testing $80.00

The price of crude oil finally increased from $77.13 and managed to reach $80.00. Consolidation within the $77.13 – $80.00 area is still ongoing and a test of the $80.00 point will take place. Traders will observe the reaction of crude oil prices at that point. As long as there is no strong closure outside the area, consolidation will continue.

Today’s critical level to watch:

Support: $77.13

Resistance: $80.00, $83.85, $85.00, $90.00