Gold trade near $4,000

Gold price’s bearish correction stopped near the $4,000 level and currently consolidating near it. We still expect the price to move lower and complete the bearish movement toward the green box area. When the price reaches the green box area and produce bullish reactions, traders could add long positions.

Today’s critical levels to watch:

Support: $4,000, $3,835

Resistance: $4,200

Silver sideways

The price has fallen below $50.00 and reached the level near the green box area. At the current time, silver prices mostly stable and attempting to reverse the current bearish pressure. The same as gold prices, we expect silver prices to continue the downward movement and test the green box area. When there are bullish reactions, traders could add long positions near the area.

Today’s critical levels to watch:

Support: $47.07, $44.357

Resistance: $50.00, $55.00

Crude oil resume bearish movement

Crude oil prices fall below $60.00 and looks will resume the bearish trend to target $54.50 – $55.00 area. We could say, the bear has upper hand as the latest bullish movement could not print new higher swing high. However, if the price could not print a new lower swing low, then there is chance of another bullish attempt.

Today’s critical level to watch:

Support: $60.00, $57.60, $55.00, $54.50, $52.4

Resistance: $65.00, $67.20, $70.00, $77.13