Gold maintain position above $1,850

The closing of gold prices above $1,850 yesterday provided a breath of fresh air for bull traders. Gold prices are expected to continue strengthening towards $1,900. However, currently, the gold price is in a bullish correction phase and the reaction at the resistance point will be confirmation of the continuation of the bearish movement.

Today’s critical levels to watch:

Support: $1,850, $1,800

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

Silver continue toward $23.00 – $23.90

Silver price rise above $21.35 is an initial confirmation of further upside. The price will try to continue its bullish movement towards the $23.00 – $23.90 area. Traders can now use the $21.35 point as a place to enter long positions when the test occurs.

Today’s Critical levels to watch:

Support: $20.00

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

Crude oil continue upward?

The price of crude oil soared because of the war between Israel and Hamas. This upward movement could continue further if the conflict becomes more widespread. If crude oil prices continue to rise immediately then the $90.00 point is the next target for the increase. Conversely, if the bearish correction continues then the point of $77.13 could become a downside target.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00