Gold pressuring $1,680 – $1,700 area

Gold prices extend the bullish movement in today’s trading session and pressuring the $1,680 – $1,700 resistance area. As mentioned in the latest analysis, if the price could close above $1,700 then the trend will turn bullish with daily SMA 200 as upward target. Meanwhile, a major bearish rejection from the area might become the confirmation for bearish continuation.

Today’s critical levels to watch:

Support: $1,600, $1,585

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

Silver testing $21.35

Silver prices are building bullish pressure and managed to reach $21.35 resistance level today. The price will test the level and look to break out above it. A breakout and close above $21.35 will become the confirmation of a bullish continuation. If the price gets rejected from the $21.35 level then we might see bearish movement toward $20.00.

Today’s Critical levels to watch:

Support: $20.00, $18.50, $17.73

Resistance: $21.35

Crude oil sticks near $90.00

There was an upward attempt in crude oil prices but the price could not move toward the $95.25 resistance level. At the current time, the price stick near the $90.00 handle and will look to bounce from it. Traders could use the moment to add long positions with stops below $85.00 or the previous swing low.

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25