Gold continue upward to test $1,780 – $1,800?

The bullish movement in gold prices continue yesterday with a more bullish close. There is no major bearish reaction yet for now. If the price continues moving upward then it soon will test the $1,780 – $1,800 area and the daily SMA 200. A close above the daily SMA 200 will confirm a bullish continuation in gold prices.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800, $1,850

Silver retest the yellow box area?

Silver prices bounce from $21.35 support level continue moving upward and soon will reach the yellow box area. Traders will continue to monitor the price reaction near the box area. If the price could close above the box area then we might see continuation toward the $25.00 – $26.00 area.

Today Critical levels to watch:

Support: $21.35, $20.00

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

Crude oil extend bullish movement above $77.13

Crude oil prices continue its gain as energy crises continue to shroud Europe and some parts of Asia. The price has broken above the $77.13 resistance level and seems will continue upward. Under the current situation, traders will continue to avoid short positions and hold long positions until there is a major bearish reaction on the daily chart.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13