Gold closed above $1,800

Gold prices finally made a close above $1,800 and the daily SMA 200. The price is expected to continue its bullish trend and target the $1,850 resistance level next. At the current time, there is a bearish test on the broken level. If the price could continue to maintain the positions above both levels until the end of the week then the bullish trend secured.

Today critical levels to watch:

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

Resistance: $1,850

Silver retesting $23.90?

The bullish movement of silver prices has not reached the orange box area yet. However, the price managed to print a bullish close yesterday. at the current time, the price is under pressure and might start a correction to retest the $23.90 support level. Traders will wait near the yellow box area for a chance to enter long positions.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil rejection from $85.00

Crude oil prices made an upward movement yesterday and tested the $85.00 resistance level. The test resulted in a bearish pin bar pattern which might signal a bearish reversal. No conclusion yet whether the pair will start moving lower or continue its upward movement. Traders will observe the price reaction between $82.72 – $85.00 with a bullish bias.

Today critical level to watch:

Support: $82.72, $77.13

Resistance: $85.00, $90.00