Gold maintains the close above $1,780

At the end of the previous week, gold prices experienced bearish pressure and fell below the $1,780 level. Fortunately, the price could recover and close above the level. It seems the price will continue consolidation between $1,780 – $1,800 this week and will attempt breakout above daily SMA 200.

Traders will continue to monitor the price reaction inside the $1,780 – $1,800 area for now.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850

Silver closed near the top of yellow box area

Silver prices were under pressure and tested the yellow box area last week. The price managed to close near the top of the yellow box area and might attempt to bounce higher this week. If the price could move upward then it is set to target $25.00 – $26.00 area. Meanwhile, if the price continues under pressure and trade lower then it is set to consolidate inside the yellow box area.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil retain the $82.72 level

Crude oil prices were under pressure below the $82.72 level last week. However, the price managed to secure a close above the level at the end of the week. We might see the price continue to consolidate between $82.72 – $85.00 with a bullish bias. If the price starts a bearish correction then traders could observe the $77.13 area for possible long positions.

Today critical level to watch:

Support: $82.72, $77.13

Resistance: $85.00, $90.00