Gold more consolidation between $1,680 – $1,800

Gold prices currently consolidating at the middle of $1,680 – $1,800 and traders will wait for further reactions. If the price moves upward then it needs to close above the daily SMA 200 to confirm a bullish continuation. On the other hand, a bearish movement from the current level will bring the price down to retest $1,680 – $1,700 area.

Today’s critical levels to watch:

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

Resistance: $1,780, $1,800

Silver stick near $21.35

Silver prices continue trading near the $21.35 level and traders will continue to monitor the price movement near it. If the price could extend the bullish movement then it will target the $23.00 and $23.90 resistance levels. On the lower side, $20.00 is the support level to watch when the price resumes bearish movement.

Today’s Critical levels to watch:

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

Resistance: $23.00, $23.90

Crude oil bounced from $77.13

Crude oil prices trading upward from the $77.13 support level and might keep continuing the upward movement. Despite the situation, the overall trend is bearish as the price printed a new lower low. If the price could print a new higher high when moving upward then there is a chance of a bullish reversal.

Today’s critical level to watch:

Support: $77.13, $70.00

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