Gold reached the $1,780 – $1,800 resistance area

Gold prices managed to reach the $1,780 – $1,800 area today or completed the bullish target. At the current time, the price will test the resistance area and the daily SMA 200. If the price get rejected with strong bearish momentum then it could move lower to retest $1,680 – $1,700.

Today’s critical levels to watch:

Support: $1,700, $1,680, $1,600, $1,585

Resistance: $1,780, $1,800

Silver moving toward $23.00 – $23.90?

Silver prices continue to maintain the position above the $21.35 level and might continue the upward movement toward the $23.00 – $23.90 area. The price has $21.35 as the support level now and traders could use both $21.35 and $20.00 as places to enter long positions. As the price has printed a new higher high, it is better to avoid short positions.

Today’s Critical levels to watch:

Support: $21.35, $20.00, $18.50, $17.73

Resistance: $23.00, $23.90

Crude oil under bearish pressure

Crude oil prices consolidating inside the $85.00 – $95.25 area. However, the recent upward movement gets a bearish rejection at the $90.00 handle. At the current time, the price is under bearish pressure at the $85.00 level. If the price continue moving lower and print a bearish close below it then the bearish trend could continue.

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25