Gold bullish continuation

A bullish bounce is seen near the daily SMA 200 point as well as $1,953 where gold prices are now rising. If there is no change in the situation then the price will test the $2,000 point in the near future. Traders will now watch the reaction of prices between $1,953 – $2,000. When there is a close above $2,000 then the bullish movement can become stronger.

Today’s critical levels to watch:

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

Resistance: $1,950, $2,000, $2,069, $2,074

Silver continues toward $23.90

Silver price managed to close above $23.00 and there is a continuation of the bullish movement towards $23.90 today. The direction of movement of silver prices is still bullish and traders will wait for the price to reach the resistance point. It is estimated that the price will be able to reach the $23.90 point and continue its bullish movement towards the $25.00 – $26.00 area by the end of this year.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil hovering near $77.13

After the increase in crude oil prices. It turns out that the increase did not last and the price formed a bearish close yesterday. Currently, the price is trading near the $77.13 level and is waiting for a further bullish reaction. Traders can accumulate long positions near the current point. However, if weakness continues then the $70.00 point could become a target for weakness.

Today’s critical level to watch:

Support: $70.00

Resistance: $77.13, $80.00, $85.00, $90.00