Daily Oil, Gold, Silver Technical Analysis | November 30, 2023

Gold bearish correction?

Gold prices continued their bullish trend but it seems the price has reversed downwards today. If this bearish movement can continue then the $2,000 point is a downside target that traders can look at. When there is a bullish reaction near the support point, it is an opportunity for traders to enter a long position.

Today’s critical levels to watch:

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

Resistance: $2,069, $2,074

Silver extends bullish movement

Silver price closing near the $25.00 mark has been occurring for 2 days. The bullish movement is still ongoing today and the price is currently moving up above the $25.00 point. The increase may continue directly toward the $26.00 mark. As noted previously, a close above $26.00 would confirm a long-term bullish continuation.

Today’s Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil bullish attempt

Crude oil prices are trying to continue their bullish movement today. However, the upward movement of the price seems to be losing its bullish pressure and is now trading near the opening point. It seems that the consolidation near $77.13 will continue and traders can only wait for further confirmation.

Today’s critical level to watch:

Support: $70.00

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

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