Gold target $1,800

Gold prices have been falling for some time and it seems that the decline could still continue towards the $1,800 mark. There is no indication of a change in direction in gold prices at this time and traders will continue to wait for the price to reach the support point and produce a bullish reaction. If the price can move up and close above $1,850 then the situation may turn bullish.

Today’s critical levels to watch:

Support: $1,800

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

Silver trading below $21.35

Silver prices have fallen and closed below the $21.35 point. The price decline is likely to continue towards $20.00 and traders will now wait for further developments. If the price can move up and close above $21.35 then the situation may turn bullish for some time.

Today’s Critical levels to watch:

Support: $20.00

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

Crude oil reached $85.00

Crude oil price movements entered a bearish correction phase where prices fell quite sharply today. The decline reached the $85.00 point with strong bearish momentum. If the decline continues then the $77.13 point could be the next downside target. For now, traders will wait near support points for bullish reactions and opportunities to enter long positions.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00