Gold more consolidation between $1,780 – $1,800

Gold prices were under pressure yesterday and pushed down near the $1,780 support level. The price bounced and closed the day above daily SMA 200. There is a bullish continuation today which surpasses $1,800 but it seems the price is back under pressure currently. We might see the price continue its consolidation between $1,780 – $1,800 and will wait for a close outside of the range for now.

Today critical levels to watch:

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

Resistance: $1,850

Silver maintain the position above yellow box area

The bearish pressure on silver prices stopped near the top of the yellow box area. No breakout and the price managed to hold the position above it. If the price could bounce from the level then continuation toward the $25.00 – $26.00 area will happen. Traders could use the yellow box area as a place to add long positions.

Today Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil stick near $82.72

Crude oil printed a significant bearish close yesterday and there is a bearish continuation below it today. However, the bearish pressure seems to recede and the price currently trading back near $82.72 and above the opening level. We might see the price continue to stick near $82.72 and attempt to continue its bullish trend above $85.00.

Today critical level to watch:

Support: $82.72, $77.13

Resistance: $85.00, $90.00