Gold stick near the $1,900 handle

Gold prices continue its consolidation near the $1,900 level as the price closed near the level last week. This week, the price opened slightly lower below $1,900 but continue to maintain the level near it. Traders will continue waiting for a further reaction from the $1,900 handle before deciding on gold next long-term direction.

Today critical levels to watch:

Support: $1,900, $1,850, $1,800, $1,780

Resistance: $1,950, $2,000

Silver lower after the rejection from $25.00

Silver prices experience bearish rejection from the $25.00 resistance level. The price made two days bearish close and currently, it falls below the two candlesticks low. If the bear could continue to add more bearish pressure then silver might start moving lower to target $21.35 and $20.00.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil continue consolidation between $38.50 – $40.00

Crude oil prices has not moved far from the $38.50 – $40.00 area. The price is expected to continue its consolidation near the area as long as there is no major momentum movement away from the area. This week, the price opened lower but manage to maintain the level between $38.50 – $40.00.

Traders will continue waiting for further reaction from the area for now.

Today critical level to watch:

Support: $38.50, $33.00, $30.00

Resistance: $40.00, $49.00, $50.00