Gold continues inside $1,953 – $2,000

The rise in gold prices stalled near the $2,000 mark and saw slight weakness in today’s trading. Broadly speaking, gold prices are trading between $1,953 – $2,000 and awaiting further developments. Close outside this area will provide further confirmation of the direction of gold price movement.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850, $1,800

Resistance: $2,000, $2,069, $2,074

Silver might target $23.90

Silver price consolidation near $23.00 continues. Last week, the price closed above the $23.00 mark so there is a chance of further upside towards $23.90. The $25.00 – $26.00 area will be the next upside target when the price can break through the $23.00 – $23.90 area.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil hovering below the triangle pattern

Crude oil prices fell below the triangle pattern and are on a downward path towards the $77.13 level. Traders will wait for the price to reach that point and give a bullish reaction for the opportunity to enter long positions. Because the long-term trend is bullish, it is possible that the price will not reach the $77.13 point and immediately reverse upwards to continue its increase.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00w