Gold searching for direction

The overall movement of gold prices looks bearish after the failed bullish attempt. But, there is no major bearish movement with strong momentum. Gold prices might trade sideways near the current level and wait for the catalyst for the next movement. If gold prices continue moving lower then it will need to print a new lower low to confirm the continuation of a bearish trend.

Today’s critical levels to watch:

Support: $1,600, $1,585

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

Silver moving toward $18.50?

Silver prices lose the bullish momentum and start moving lower again. The price looks will continue the bearish movement to retest the $18.50 support level. Currently, traders will continue monitoring the price movement between $18.50 – $20.00 area. A close outside of the area will confirm the next direction.

Today’s Critical levels to watch:

Support: $18.50, $17.73

Resistance: $20.00, $21.35

Crude oil continues range between $85.00 – $90.00

The upward movement of crude oil prices has reached the $90.00 resistance level and there is bearish reactions. At the current time, the price is slightly lower and might continue toward the $85.00 handle. The price might consolidate between $85.00 – $90.00 and traders will wait for a breakout and close outside of the range to confirm the next direction.

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25