Gold downward movement toward the green box area

Gold prices experienced bearish pressure again and were pushed down to the green box area. Testing will resume and traders will again wait for a reaction. The bullish movement can continue if the price can bounce up and immediately form a higher high. Meanwhile, a decline and close below the green box area would be a strong bearish confirmation.

Today’s critical levels to watch:

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

Resistance: $2,400

Silver climb above $31.50

Strength in silver prices continues with prices above the $31.50 mark. The trend is still bullish and prices will continue to strengthen. Traders only need to wait for a bearish correction in silver prices to have the opportunity to add to long positions. As long as the price continues to form higher swing high and swing low points, the direction of the trend will continue to be bullish.

Today’s Critical levels to watch:

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

Resistance: $31.50

Crude oil bearish reaction

A bullish close on crude oil prices occurred above the $80.00 level yesterday. However, this strengthening immediately experienced a bearish reaction today. Crude oil prices pushed down and almost erased all yesterday’s increases. The range between $77.13 – $80.00 is still maintained for now and traders will wait for a close with strong momentum out of the area.

Today’s critical level to watch:

Support: $77.13

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