Gold stays near record high

Gold prices are unchanged as it continue to maintain its positions near record highs. There was a bearish correction but it only lasted for 1 day. The price might attempt to extend the bullish movement to print a new record high and traders better avoid shorting. If the price starts a bearish correction then traders could use the $2,685 support level as a place to add long positions.

Today’s critical levels to watch:

Support: $2,685, $2,600

Resistance: $2,750, $2,800, $2,841

Silver consolidation moment

The bullish movement of silver prices is expected to continue to target the level above $35.25. At the current time, the price is slightly lower but maintains the position above $32.50. If the price resumes the bearish movement and tests the $32.50 or $31.50 support level then traders will wait for bullish reactions. When there are bullish reactions, traders could enter long positions.

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil opened lower

Crude oil prices opened the week below the $70.00 handle which might confirm a bearish continuation. The price will target the $67.20 support level or $65.00 if it is broken. On the upside, if the price could return above $70.00 then we might see a bullish reversal targeting $77.13. It seems the bearish trend will continue for now as the price continues printing new lower-swing highs and lower-swing lows.

Today’s critical level to watch:

Support: $70.00, $67.20, $65.00

Resistance: $77.13, $80.00, $83.85