Gold has more sideways movement

Even though gold prices are on a bullish path, prices have not yet left the $1,953 – $2,000 area for now. Consolidation will continue for now and traders will wait for further developments. When the price makes a bearish move to $1,953, traders can use this opportunity to add to long positions.

Today’s critical levels to watch:

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

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

Silver is limited below $23.00

Silver prices made a bullish attempt in this week’s trading but have not managed to close above the $23.00 mark. Slowly the price forms a lower low every day. However, the price could maintain the position near the $23.00 point and awaiting further developments. If the price can rise and close above $23.00 then the situation can become more bullish.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil bearish continuation?

Bearish pressure hit crude oil prices and there was no reaction from the triangle pattern. The price is flat below $85.00 and could continue weakening towards $77.13. For now, traders can only wait for the weekly closing for further confirmation regarding the direction of movement of crude oil prices.

Today’s critical level to watch:

Support: $85.00, $80.00

Resistance: $90.00, $95.00