Gold trading at the middle of $1,680 – $1,800

Gold prices undergo a bearish correction from the $1,780 – $1,800 area. The price might continue lower to target the $1,680 – $1,700 area. At the current time, traders will monitor the price reactions. If the price managed to reach the $1,680 – $1,700 area and form bullish reactions then traders could enter long positions.

Today’s critical levels to watch:

Support: $1,700, $1,680, $1,600, $1,585

Resistance: $1,780, $1,800

Silver testing $21.35

Silver prices return to its bullish track and currently challenging the $21.35 resistance level. The price might stick near the level and traders will wait for reactions. If the price can continue moving upward with strong bullish momentum then traders will expect continuation toward $23.00 and $23.90 resistance levels.

Today’s Critical levels to watch:

Support: $21.35, $20.00, $18.50, $17.73

Resistance: $23.00, $23.90

Crude oil maintain at $77.13

Crude oil prices are under bearish pressure at the $77.13 support level. The price continues to maintain the position near the level and will look to print a double bottom pattern. A strong bullish bounce from the level will become a confirmation for traders to enter long positions. If the price continues moving lower and prints a new lower low then the bearish trend will continue.

Today’s critical level to watch:

Support: $77.13

Resistance: $80.00, $85.00, $90.00, $95.25