Gold continues above $2,000

The state of gold prices is only bullish at the moment with prices rising above the $2,000 mark. A higher-high point is formed and will support the continuation of the upward movement in gold prices. Traders will continue to utilize the buy-on-weakness strategy every time a bearish correction occurs in the gold price. As long as the price continues to form higher swing high and swing low points, the bullish trend will continue.

Today’s critical levels to watch:

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

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

Silver moving toward the $25.00 – $26.00 area

There is nothing surprising in the price of silver which is now above the $23.00 – $23.90 area. The price continued its bullish movement and soon reached the $25.00 – $26.00 area as written previously. The trend has turned bullish and a close above $26.00 would be a confirmation of a long-term bullish continuation in silver prices.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil is limited below $77.13

Crude oil prices are struggling to add to bullish pressure where prices are now below $77.13. If the price fails to return above $77.13 with strong bullish momentum then a bearish move could occur with the $70.00 point as the downside target.

Today’s critical level to watch:

Support: $70.00

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