Gold stall at the middle of $1,850 – $1,900

Not much movement yet in gold prices since the major bearish movement on Monday. The price stalled in the middle of $1,850 – $1,900 and waiting for a trigger to move. If the price continue lower then it will target $1,780 – $1,800 area. On the other hand, if gold could climb above $1,900 and make a higher high above $1,950 then traders will prepare for a new bullish trend.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $1,950, $2,000

Silver hover near $25.00 – $26.00

Silver prices make a pause after the rejection from $25.00 – $26.00. No bearish continuation and the price is making a neutral close. Traders will wait for the price to either move up and retest $25.00 – $26.00 or print a lower low to target $21.35 and $20.00.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil bearish pin bar pattern

Crude oil prices initially moved higher yesterday. However, at the end of the day, the price reversed and closed as a bearish pin bar pattern. There is no bearish continuation today and the price continues hovering near the September – October high.

Will the price breakout and continue its bullish trend toward $49.00 – $50.00?

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00