Gold losing upward momentum

The increase in gold prices is still occurring today with prices moving up past yesterday’s high point. However, this bullish movement lost its bullish momentum and is now trading near the opening point. If the price starts to move down then the $2,000 point will become a support point where traders wait for a bullish reaction and the opportunity to enter a long position.

Today’s critical levels to watch:

Support: $2,000, $1,950, $1,900, $1,850, $1,800

Resistance: $2,069, $2,074

Silver reached $25.00 – $26.00

Silver prices managed to reach the $25.00 – $26.00 area and there was a bearish reaction in today’s trading. There is a possibility that the price starts a bearish correction and heads towards the $23.00 – $23.90 area. Traders will take advantage of the bearish correction that occurs as an opportunity to enter a long position when a bullish reaction occurs.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil not moving away from $77.13

There has been no further reaction to the price of crude oil near $77.13. The price is still moving sideways near that point and traders can only wait for now. Will the price jump up with strong bullish momentum to continue the bullish movement? Or will weakness resume 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