Gold maintain the position above $1,680 – $1,700 area

The movement of gold prices is mostly bullish as the price managed to close above the $1,680 – $1,700 area. At the current time, the price might undergo bearish correction to retest the $1,680 – $1,700 area. If the price could continue to maintain the positions above the area then there is a chance of bullish continuation toward the $1,780 – $1,800 area.

Today’s critical levels to watch:

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

Resistance: $1,780, $1,800

Silver consolidation between $20.00 – $21.35

Silver prices managed to climb and close above $20.00. The price also traded near the $21.35 resistance level before a bearish movement yesterday. The bearish pressure brought the price down to test the $20.00 broken level. It seems the price could bounce from the level and be set to continue the upward movement. If the price could close above $21.35 then traders will expect a bullish continuation.

Today’s Critical levels to watch:

Support: $20.00, $18.50, $17.73

Resistance: $21.35

Crude oil trading between $85.00 – $90.00

The bullish pressure of crude oil prices brought the price up and close above $85.00. handle. The price currently will attempt to continue the upward movement to test the $90.00 and $95.25 resistance levels. Meanwhile, traders will observe the price movement between $85.00 – $90.00.

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25