Gold bullish continuation?

The bearish pressure on gold prices only lasts for one day. The price turned higher today and erased part of the loss yesterday. Will the price resume the bullish movement, print a new record high, and target the $2,841 level? Alternatively, will the price turn lower to test the $2,685 before further upside? At the current time, traders will continue to stick with long positions and wait for a bearish correction to add more long positions.

Today’s critical levels to watch:

Support: $2,685, $2,600

Resistance: $2,750, $2,800, $2,841

Silver time for a bearish correction?

Silver prices made a bearish close yesterday which could be a sign of a bearish correction. However, there is no bearish follow-through today and the price moving upward instead. Will the pair continue the bullish movement and test the $35.25 level before a bearish correction? Alternatively, will the price start a bearish correction first before further upside?

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil stays above $70.00

Crude oil prices might be under bearish pressure but the price managed to stick near the $70.00 level. At the current time, the price moving slightly upward and will attempt to target the $77.13 level. We could say the $70.00 – $77.13 range is still intact and consolidation will continue. Traders will wait for a close outside of the $70.00 – $77.13 range to confirm the pair’s next direction.

Today’s critical level to watch:

Support: $70.00, $67.20, $65.00

Resistance: $77.13, $80.00, $83.85