Gold breakout above daily SMA 200 & $1,800

Gold prices are moving higher today, a breakout above the daily SMA 200 and $1,800 resistance level. If the price could close above both levels then the long-term bullish trend could continue. Traders will wait for the closing level at the end of the week to confirm whether the current breakout is a valid breakout or only a fake one.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850

Silver resume bullish movement toward $25.00 – $26.00

It is time to continue the upward movement after a close above the yellow box area. Silver prices trading upward and will target the $25.00 – $26.00 area next week. Similar to the previous analysis, traders will ride the current bullish movement and wait for a close above $26.00 to confirm a long-term bullish reversal.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil consolidation near $82.72

The crude oil trend is bullish as the price could continue upward and test $85.00, $90.00, or even $100.00. At the current time, the price seems to consolidate near the $82.72 level. No change to the outlook, traders who have long positions will continue to hold the positions and wait for a bearish correction to add more long positions.

Today critical level to watch:

Support: $77.13, $70.00, $67.20

Resistance: $82.72