Gold stick near $1,953

The bearish movement in gold prices does not seem to be over even though the price has tested a point near $1,953. Currently, the price is trying to bounce up and continue its consolidation between $1,953 – $2,000. Traders can use the current opportunity for a long position near $1,953. A close outside the area will provide confirmation for the next direction of movement of gold prices.

Today’s critical levels to watch:

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

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

Silver further bearish attempt

Silver price is again under bearish pressure and is trying to resume weakness towards $21.35. Will the pair continue weakening and form a lower swing low to confirm the continuation of the long-term bearish trend? Or will the pair reverse upwards above $23.90?

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil reached $77.13

The decline in crude oil prices has reached $77.13. Prices are being pushed down but bull traders are trying to reverse the bearish pressure. If the price can give a strong bullish reaction and bounce up then traders can use this opportunity to enter a long position.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00w