Gold stick near $1,953

Bearish pressure brought the price to close below $1,953 yesterday. However, the price of gold increased again in today’s trading so yesterday’s decline was almost completely erased. If the price can add to the upside with strong bullish momentum after this then the upside move could target the $2,000 mark. The movement range of gold prices is still between $1,953 – $2,000 currently and a close outside the area is needed to confirm the next direction of movement.

Today’s critical levels to watch:

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

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

Silver return to $23.00

Silver prices are still continuing their consolidation movement not far from the $23.00 level. Even though it is estimated that it will be bullish in the long term, traders are currently waiting for the price to complete its consolidation. If it turns out that the price continues to weaken then the $21.35 point could be a downside target.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil trade near $77.13

Crude oil prices closed bearish below $77.13 yesterday. This indicates a bearish situation which is likely to continue. However, today the price is seen moving up and is trading near $77.13. If the price can continue its strong upward movement and close bullishly above $77.13 at the end of the week then there is a chance of continuation of the upward movement in next week’s trading.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00w