Gold failed bounce?

Gold prices make a bullish reaction in today’s trading session. However, the bull could not maintain the bullish pressure as the price returned to its opening level. If the price continues moving lower and closes below $1,680 then the bearish trend is set to continue. On the other hand, if the price could move upward and close above $1,800 then the bullish trend is set to continue.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver rejection from $18.50

Silver prices trading upward today and manage to reach the $18.50 resistance level. The price showed a bearish reaction and is back near its opening level. Silver prices might trade lower to retest the $17.50 – $17.73 area. As the trend is bearish and the price fails to climb above $18.50, it is better to stay sideline for now.

Today’s Critical levels to watch:

Support: $17.73, $17.50, $16.00

Resistance: $18.50, $20.00, $21.35

Crude oil rejection from $90.00

Crude oil prices managed to close the day near the $90.00 handle yesterday. However, there is no bullish continuation, and the price shows a bearish reaction today. Will the price continue the bearish movement and target $85.00 support level? Traders will wait near $85.00 for a bullish reaction and enter long positions assuming that $85.00 – $95.25 range will hold.

Today’s critical level to watch:

Support: $85.00

Resistance: $90.00, $95.25, $100.00