Gold bullish pressure

Consolidation of prices between $1,953 – $2,000 is still ongoing for now and gold prices are in a bullish trend. When the price can make a close above the $2,000 point then the bullish trend can continue immediately. When the price moves down towards $1,953, traders can use the opportunity to enter a long position.

Today’s critical levels to watch:

Support: $1,950, $1,900, $1,850, $1,800

Resistance: $2,000, $2,069, $2,074

Silver consolidates near $23.00

Bearish pressure occurred on silver prices today below the $23.00 point. However, the price seems to be able to recover and is now trading not far from its opening point. Consolidation will still take place near the $23.00 mark for now and traders will wait for further developments.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil has more sideway movement

Bullish and bearish pressure alternated near the $85.00 point where crude oil prices continued to move nearby. There is no strong confirmation yet for the direction of the next movement. Crude oil prices are now seen trading inside a triangle pattern and are testing the bottom of the pattern. If the price can bounce up strongly and close above $85.00 then there is a chance of continuation of the bullish movement.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00