Gold maintains the position above $1,680 – $1,700

Gold prices managed to close above $1,700 and maintain the position above it. At the current time, the market is waiting for the release of U.S CPI data. If gold prices continue moving upward after the release of CPI data then the bullish movement could continue toward the $1,780 – $1,800 area and the daily SMA 200.

On the other hand, a bearish close below $1,680 will confirm a bearish continuation toward the $1,580 -$1,600 area.

Today’s critical levels to watch:

Support: $1,600, $1,585

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

Silver stuck at the $21.35 resistance level

Silver prices closed near the $21.35 resistance level but could not print a close above the level yet. The price made a bearish close yesterday but was not far from the $21.35 level. Traders will wait for further reactions from the resistance level. If the price could close above $21.35 then the bullish trend could continue.

Today’s Critical levels to watch:

Support: $20.00, $18.50, $17.73

Resistance: $21.35

Crude oil testing $85.00

The bearish pressure on crude oil prices continues for the third day. At the current time, the price is pressuring the $85.00 support level and will attempt to close below it. As long as the price maintains its position inside the $85.00 – $95.25 area then the consolidation will continue. Traders will wait for the closing level at the end of day to determine the next direction of crude oil prices.

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25