Gold bearish reversal?

Gold prices extended its bullish movement today and printed a higher high. However, the bullish pressure losing momentum, and currently the price has traded back below the opening level. If the price starts to move lower then $1,850 is the level to watch for a bounce. As the inflation number continues to creep higher, there is no reason to become bearish yet in gold prices especially when a higher swing high has been printed.

Today critical levels to watch:

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

Resistance: $1,953, $2,000

Silver stick near $25.00

We are optimistic that the silver prices could continue its bullish movement and reach the $26.00 resistance level. However, at the current time, the price seems stuck near the $25.00 handle, and will wait for further reaction. If a bearish correction happens then the top of the yellow box area is the target and the place to look for long positions.

Today Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil hanging near $80.00

In the long term, crude oil prices are expected to continue its bullish trend. However, the price currently undergoes bearish correction with the $77.13 support level as the target. Yesterday, there was a bullish reaction at the $80.00 level, but the price reversed its direction today and might be set to continue the bearish movement toward $77.13.

Today critical level to watch:

Support: $77.13

Resistance: $82.72, $85.00, $90.00