Gold target $1,900?

The price of gold was under pressure last week and managed to reach the $1,850 support level. There was a bounce from the support level and gold prices currently hanging in the middle of $1,850 – $1,900. Will the price continue moving upward to target the $1,900 resistance level?

At the current time, gold prices range span between $1,850 – $1,900, and the consolidation is expected to continue.

Today critical levels to watch:

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

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

Silver slightly lower from $25.00

Silver prices were rejected from the $25.00 – $26.00 area and move slightly lower last week. The price has not made any major movement today. Traders will continue to observe the price movement near the $25.00 – $26.00 area and inside the triangle consolidation.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil opened higher

Crude oil prices made a bullish close last week but no higher high printed on the chart yet. The price is currently opened higher and will attempt to continue its bullish movement. Similar to the previous week’s analysis, the price is currently stuck near the September – October high and will wait for close confirmation above the level before further upside.

If the bullish movement continues then $49.00 – $50.00 will become the target.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00