Gold another bullish attempt

The movement of gold prices has shown a little bit of weakness after a new record high but it seems the bull is not ready to let a bearish correction happen. If the price turns lower then the $2,685 will become the support level to watch. On the upside, $2,841 is the next bullish target to watch.

Today’s critical levels to watch:

Support: $2,685, $2,600

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

Silver neutral close

Silver prices showed indecision yesterday but it managed to recover from bearish pressure and closed inside Wednesday’s range. We might see the price continue the bullish movement and breakout above $35.25. Alternatively, if the price starts a bearish correction then traders could wait near $31.50 – $32.50 for bullish reactions to enter long positions.

Today’s Critical levels to watch:

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

Resistance: $35.25

Crude oil more sideways movement near $70.00

A bounce in crude oil prices happened but immediately lost the upward pressure. Crude oil prices closed the day lower near the $70.00 handle. It will continue to stick near the level and keep testing it for now. If the price could bounce upward with strong bullish momentum then the $70.00 – $77.13 range maintained.

Today’s critical level to watch:

Support: $70.00, $67.20, $65.00

Resistance: $77.13, $80.00, $83.85