Gold sideway movement

Gold prices stopped moving down in recent days ahead of the announcement of U.S. employment data. Market players seem to be weighing the chances of a further decline or bullish reversal. If the price of gold bounces up strongly and closes near $1,850 then there is a bullish opportunity in next week’s trading.

Today’s critical levels to watch:

Support: $1,800

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

Silver ranging movement

The trend is still bearish for silver prices at the moment but the movement over the past few days has been maintained within a range. Traders are preparing for the release of U.S. employment data. which led to the current price consolidation. Will silver prices continue their decline towards $20.00? Or will there be an increase and close above $21.35 at the end of this week so that the trend turns bullish?

Today’s Critical levels to watch:

Support: $20.00

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

Crude oil continues bearish correction

The bearish correction in crude oil prices is still ongoing at this time but faster than expected. The bearish movement has quite strong momentum and is likely to reach the $77.13 point soon. Traders will wait for a bullish reaction near that point. When a strong bullish reaction occurs, traders can enter long positions.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00