Gold continue climbing

Gold price’s bullish leg continues with $2,841 as a target. There is no bearish sign and the price continues printing new record highs each day. Traders who have long positions will continue to hold the positions now. When the price starts another bearish correction, traders could wait near $2,685 for bullish reactions and a chance to enter long positions.

Today’s critical levels to watch:

Support: $2,685, $2,600

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

Silver target $35.25

Silver prices made a bullish close yesterday and getting near the $35.25 resistance level. The price will continue the bullish movement and traders better avoid shorting. As long as the price could print new higher swing high and higher swing low then the bullish trend will continue. On the lower side, the latest swing low is located at $33.05. A close below the level could trigger bearish movement to test the area around $31.50 – $32.50.

Today’s Critical levels to watch:

Support: $33.05, $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil trade near $67.20

The bearish pressure on crude oil prices continues bringing the price lower. At the current time, the price looks forming support near the $67.20 level. Will the price stabilize near it and bounce upward? Alternatively, will it break lower, print a new lower low, and confirm a bearish continuation? On the upside, the price needs to print a new higher high above $72.67 to confirm the initial bullish reversal.

Today’s critical level to watch:

Support: $70.00, $67.20, $65.00

Resistance: $77.13, $80.00, $83.85