Gold waiting for bullish momentum

In the previous week, gold prices add more bullish pressure and managed to close higher. No higher swing high printed yet which means no bullish continuation confirmation yet. If the price could continue moving upward and close above $1,850 then the trend will turn more bullish.

Today critical levels to watch:

Support: $1,800, $1,780

Resistance: $1,850

Silver launched upward

Bullish pressure is building on silver prices where the price launched from the yellow box area and closed near the $25.00 – $26.00 area. The price is expected to continue its upward movement and test the $25.00 – $26.00 resistance area. If the price could close above $26.00 then the trend will change from bearish to bullish for the medium-long term.

Today Critical levels to watch:

Support: $23.90, $23.00, $21.35, $20.00

Resistance: $25.00, $26.00

Crude oil consolidation between $67.20 – $70.00

Crude oil prices tested the $70.00 resistance level and there is no breakout above the level yet. It seems the price currently undergoes a bearish correction and might test the $67.20 level. Traders will expect the price to consolidate between $67.20 – $70.00 for now until breakout happens.

Today critical level to watch:

Support: $67.20, $65.00, $60.00

Resistance: $70.00, $77.13