Gold test the $1,953

Bearish pressure is still ongoing on gold prices and has brought prices down to test $1,953. Consolidation between $1,953 – $2,000 is still underway and traders will wait for a close outside the area. If the price continues to weaken further, the daily SMA 200 point could be a target for decline.

Today’s critical levels to watch:

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

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

Silver uncertain

The situation in silver prices has not yet become certain after the price fell below the $23.00 mark again. If the bearish pressure can decrease near the horizontal line as shown on the chart then there is a chance of a higher swing low point forming. Upward movement and the formation of a higher swing high point will confirm the continuation of the bullish movement.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil resume bearish movement

The decline in crude oil prices continues and soon the price will reach $77.13. Traders can wait for the reaction of crude oil prices near that point. If a strong bullish bounce occurs then traders can consider entering long positions.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00w