Gold continues below $1,850

There is no bullish reversal situation yet in the gold price which has fallen consecutively for 6 days. This bearish movement will target the $1,800 level next and traders can only wait for the support points to be reached and wait for further reaction. As long as the price is still moving down and there is no bullish reversal, traders will not enter a long position.

Today’s critical levels to watch:

Support: $1,800

Resistance: $1,850, $1,900, $1,950, $2,000, $2,069, $2,074

Silver bearish close below $21.35

The support point of $21.35 was broken down and silver prices immediately closed below it yesterday. The current bearish trend still seems to have strong momentum so traders are advised to wait. Silver prices have the opportunity to continue weakening towards $20.00 next. As long as there is no bullish reaction or the formation of a higher swing low point, the bearish situation can continue.

Today’s Critical levels to watch:

Support: $20.00

Resistance: $21.35, $23.00, $23.90, $25.00, $26.00

Crude oil further bearish correction?

A bearish close occurred below the $90.00 point yesterday where there was a chance of further weakening in crude oil prices. If the price continues to weaken immediately then the $85.00 point is the closest downside target. Traders will wait for a bullish reaction near this support point for opportunities for long positions.

Today’s critical level to watch:

Support: $90.00, $85.00, $80.00

Resistance: $95.00