Gold stick near the $1,800 support level

There is not much change in the gold prices movement. The price stick near the $1,800 and the daily SMA 200, waiting for further reaction. Traders will continue waiting for either bounce or breakout below SMA 200. A bullish correction might be due after streak of bullish sentiment. However, traders might want to avoid long positions at least until a major reaction happens.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850, $1,900, $1,950

Silver stay sideline near the bottom of the triangle

Silver prices moving sideways near the bottom of the triangle and currently waiting for a reaction. Trades will wait for either bounce or breakout from the triangle. We think the price has a higher chance of breakout lower as the global market situation turned positive.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil set to continue upward

Crude oil prices made a bearish close yesterday but no lower low printed. The price made another bearish attempt but currently has moved above the opening level. Crude oil prices might continue moving upward and continue its bullish trend toward the $49.00 and $50.00 resistance level.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00