Gold stick near $2,000

There has been no breakout of the $2,000 mark but gold prices continue to stick near the resistance point. It is only a matter of time for the price to break through that point eventually. Traders can wait for a bearish correction in gold prices to the support point for long position opportunities.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850, $1,800

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

Silver keeps testing $23.90

Strengthening of silver prices is still hindered by the $23.90 point but a breakout is likely will happen soon. Currently, the movement range is between $23.00 – $23.90 but traders are not advised to enter short positions because the U.S. dollar index situation has entered a bearish phase. Traders will continue to wait for a bearish correction in silver prices for long position opportunities.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil more consolidation near $77.13

After closing near $77.13, it seems that crude oil prices have not shown a significant reaction. The movement of crude oil prices looks flat and there is no confirmation of the next direction. The next higher swing high point or lower swing low point might determine the direction of movement of crude oil prices.

Today’s critical level to watch:

Support: $70.00

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