Gold stick near $1,900

There was a bullish attempt yesterday as gold prices climbed above the Friday high. However, the precious metal could not maintain its bullish pressure and settled near the opening level. Gold prices continue to stick near $1,900 and waiting for the trigger to move. There is no indication yet where the price will move next.

Traders will continue waiting for the further trigger for now.

Today critical levels to watch:

Support: $1,900, $1,850, $1,800, $1,780

Resistance: $1,950, $2,000

Silver another retest on $25.00

There was a retest on the $25.00 resistance level yesterday. Silver moved lower after the retest and settled inside the Friday range. No breakout yet from the resistance area but there is no major bearish movement happen yet. At the current time, traders will continue waiting for further trigger from the $25.00 – $26.00 area.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil continue sideway

Not much movement yet in the crude oil prices. The price continues trading sideways near the $38.50 – $40.00 area. As long as the price continue trading sideway, traders will continue waiting until momentum movement away from the area happen before placing positions.

Today critical level to watch:

Support: $40.00, $38.50, $33.00, $30.00

Resistance: $49.00, $50.00