Gold set to retest $1,680 – $1,700 area

Gold prices maintain the position above the $1,680 – $1,700 area but the price slowly trading lower. At the current time, the price is trading near the $1,680 – $1,700 and will test it. If the price could bounce with strong bullish momentum then traders will expect 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 built bullish pressure and managed to reach a level near $21.35. However, the price also turn lower, and tested the $20.00 handle. At the current time, silver prices might continue trading sideways between $20.00 – $21.35 and will wait for further reactions. Traders will wait for the close outside of the range to confirm the next direction.

Today’s Critical levels to watch:

Support: $20.00, $18.50, $17.73

Resistance: $21.35

Crude oil moving toward $90.00

Crude oil prices continue the bullish movement above $85.00 and soon will touch the $90.00 handle. Traders will observe closely the price reaction at $90.00 and $95.25. If the price gets rejected with strong bearish momentum and manages to close below $85.00 then we might see a bearish continuation.

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25