Gold bullish on Biden prospect to win

Gold prices experience buying today and started to climb above $1,900. The precious metal currently testing the previous day high. No higher high printed yet and traders could see a series of lower high on the daily chart. As long as there is no higher high printed on the chart, gold is expected to continue its downward movement.

Will gold print a higher high and continue its bullish movement toward $2,000?

Today critical levels to watch:

Support: $1,900, $1,850, $1,800, $1,780

Resistance: $1,950, $2,000

Silver continue toward $25.00 – $26.00

Silver prices also experience bullish pressure today but the price has yet to surpass the previous day high. On the upside, $25.00 – $26.00 is the target area.  At the current time, traders who have long positions could continue to hold it. On the other hand, it is better to avoid short positions now.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil closed inside $38.50 – $40.00

The price of crude oil made three bullish consecutive closes and manage to close inside the $38.50 – $40.00 area. Under the current situation, crude oil could either continue its bullish movement or start another consolidation near $38.50 – $40.00.

Today critical level to watch:

Support: $33.00, $30.00

Resistance: $38.50, $40.00, $49.00, $50.00