Gold reached the $1,780 – $1,800 area

Gold prices fell from the $1,850 resistance level with strong bearish momentum and managed to reach $1,780 – $1,800 area. The price currently testing the area and waiting for a reaction. If the price could stage a bullish reaction and bounce from the area then traders will expect bullish continuation to retest $1,850 and higher.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,953, $2,000

Silver major bearish pressure inside the yellow box area

Silver prices got rejected from the $25.00 – $26.00 area. The price fall with strong bearish pressure today inside the yellow box area. As long as there is no lower swing low printed on the chart then there is a chance of bullish reversal. Traders will wait for a bullish reaction to enter long positions with the level above $26.00 as the target.

Today Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil stick near $77.13

The bearish correction of crude oil prices managed to reach the $77.13 support level. Although there was a close below the level, the price seems managed to maintain the close near the level. If crude oil prices could continue to maintain the close near $77.13 and build strong bullish pressure then a bullish continuation is due.

Today critical level to watch:

Support: $77.13

Resistance: $82.72, $85.00, $90.00