Gold stick inside $1,780 – $1,800

There is no breakout from the $1,780 – $1,800 area yet. Gold prices are expected to continue trading sideways inside the range with a bullish bias. If the price could close above $1,800 then there is a chance of bullish continuation toward $1,850. On the other hand, a close below $1,780 which is followed by a lower swing low will confirm a bearish continuation.

Today critical levels to watch:

Support: $1,800, $1,780

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

Silver closed below the box area

Silver prices closed below the yellow box area which might become an initial confirmation of bearish continuation. At the current time, traders will continue to wait for further reactions. If the price could immediately return inside the yellow box area then there is a chance of bullish continuation.

Today Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil more bearish pressure

It seems the new covid variant, the Omicron put more pressure on the crude oil prices. Traders are expecting that the economic recovery will be derailed and start taking profit or moving out to other assets. Crude oil prices might attempt to move lower and target the $65.00 support level.

Today critical level to watch:

Support: $67.20

Resistance: $70.00, $71.22, $77.13