Gold moving toward $1,680 – $1,700?

Last week, gold prices managed to stage a strong bullish movement and closed as a bullish engulfing pattern. There is a bullish continuation in today’s trading session but the upward pressure has receded and the price turned bearish. Will the price continue the bullish movement and reach the $1,680 – $1,700 area? Alternatively, will it resume the bearish movement toward the $1,580 – $1,600 area?

Today’s critical levels to watch:

Support: $1,600, $1,585

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

Silver is moving toward $20.00

Silver prices launched upward last week from the $18.50 support level. The price continues to build bullish pressure and will target the $20.00 resistance level. If the price could surpass $21.35 or the previous swing high then the bullish trend will be confirmed. Traders who have long positions will place a stop level below $18.50.

Today’s Critical levels to watch:

Support: $18.50, $17.73

Resistance: $20.00, $21.35

Crude oil under bearish pressure

Crude oil prices maintain the position near the $85.00 level last week. However, the price came under bearish pressure this week below the level. Will the price continue the bearish movement and target $77.13 also $70.00 support levels? Alternatively, will it start moving upward again and target $90.00 and also $95.25?

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25