Gold more consolidation near $1,900

Gold made another close near the $1,900 handle which indicates the extension of the sideway trend. There is nothing traders could do at the moment aside from waiting. Gold could continue moving further higher and target the $2,000 handle. However, if a bearish close below $1,900 happens then gold might be set to move lower to the target $1,780 – $1,800 area.

Today critical levels to watch:

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

Resistance: $1,950, $2,000

Silver to restart the bullish movement?

Silver prices printed a bullish harami close yesterday. It is an indecision pattern or a pause after three consecutive bearish days. If the price could move upward and a breakout above the pattern high then silver set to retest the $25.00 – $26.00 area again.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil stick between $38.50 – $40.00

There was a bullish attempt by the bull in the crude oil prices yesterday. The price jumped and tested the $39.76 level. However, the price could not close above Monday high. At the current time, crude oil is under pressure and testing the $38.50 support level. Will a major bearish breakout happens and crude oil starts a new bearish leg?

Today critical level to watch:

Support: $38.50, $33.00, $30.00

Resistance: $40.00, $49.00, $50.00