Gold retesting $1,680 – $1,700?

Gold prices printed a bullish close yesterday and there is bullish follow-through in today’s trading session. However, the price is back under bearish pressure and currently trading below the opening level. Gold prices might retest the $1,680 – $1,700 area again and traders will monitor the reaction from the area.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver rejection from $18.50?

Silver prices printed a bullish close yesterday near the $18.50 resistance level. The price attempting to continue the bullish movement today but experiencing rejection from the resistance level. We might see silver prices continue consolidating between the $17.50 – $18.50 area now while determining the next direction.

Today’s Critical levels to watch:

Support: $17.73, $17.50, $16.00

Resistance: $18.50, $20.00, $21.35

Crude oil resumes bearish trend

Crude oil prices broke out with strong bearish momentum yesterday below the $85.00 support level. The price is set to continue the bearish trend and target the $77.13 support level next. If the price could reach the level then it is a chance for traders to enter long positions when there is a bullish reaction.

Today’s critical level to watch:

Support: $85.00

Resistance: $90.00, $95.25, $100.00