Gold failed to close above $1,800 and daily SMA 200

Last week, gold prices climbed past the $1,800 resistance level and the daily SMA 200. It seems the bullish trend was confirmed. However, the price turn lower and closed below both resistance levels at the end of the week. At the current time, the price is moving upward and testing the $1,800. As long as there is no breakout and close above $1,800 then the trend will continue sideways between $1,780 – $1,800.

Today critical levels to watch:

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

Resistance: $1,800, $1,850

Silver on the path toward $25.00 – $26.00

Silver prices have broken above the yellow box area and are now expected to continue its bullish movement toward the $25.00 – $26.00 area. Under the current situation, traders who have long positions will continue to hold the position and wait for reactions from the $25.00 – $26.00 area. A close above $26.00 will confirm a long-term bullish continuation.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil extend bullish movement

As mentioned before, the close above $82.72 is vital for crude oil bullish trend. The price now continue to maintain the position above the level and continue the bullish movement. On the upside, $85.00 is the nearest resistance and $90.00 is next. Traders could only hold long positions and wait for a correction to add more long positions for now.

Today critical level to watch:

Support: $82.72, $77.13

Resistance: $85.00, $90.00