Gold testing $1,780

The bearish pressure on gold prices brought the price down below daily SMA 200 and $1,800. At the current time, the price is testing the $1,780 support level. If the price could maintain the position above $1,780 and start moving upward to print a higher high then the bullish trend could continue.

On the other hand, a close above $1,780 is bearish confirmation with $1,680 – $1,700 as the target.

Today critical levels to watch:

Support: $1,780

Resistance: $1,800, $1,850

Silver closed near the yellow box area

Silver prices made a bearish movement and closed near the yellow box area. The price currently testing the level and waiting for a reaction from it. If the price could bounce from the area then $25.00 – $26.00 is the upward target. On the other hand, a close below the yellow box area is bearish continuation confirmation.

Today Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil waiting for a breakout

There is no breakout yet from the $67.20 – $70.00 area. Crude oil prices will continue its consolidation for now. A close above $70.00 will confirm a bullish continuation. On the other hand, a close below $65.00 is confirmation for bearish continuation.

Today critical level to watch:

Support: $67.20, $65.00, $60.00

Resistance: $70.00, $77.13