Gold start of a bullish leg?

The bearish pressure on gold prices has receded today and the price looks moving upward. Traders flocking to the long side as the U.S dollar index start a bearish pullback. On the upside, $1,780 – $1,800 is the target area to watch. At the current time, the price will continue the ranging movement between $1,680 – $1,800.

If the price could close above $1,800 then the trend will turn bullish.

Today’s critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800

Silver climbed above $18.50

Silver prices building bullish pressure and climbing above the $18.50 resistance level. The price looks will close the week above $18.50 and continue the bullish movement to target the $20.00 handle. On the upside, the price needs to print a higher high to confirm the change of trend from bearish to bullish.

Today’s Critical levels to watch:

Support: $18.50, $17.73, $17.50, $16.00

Resistance: $20.00, $21.35

Crude oil attempts to return above $85.00

Crude oil prices broke below the $85.00 handle which confirms further bearish movement. However, the bearish has receded and the price currently trades upward testing the $85.00 handle. If the price could climb and close above $85.00 at the end of the week then traders will expect an upward continuation to target $90.00 and $95.25.

Today’s critical level to watch:

Support: $85.00

Resistance: $90.00, $95.25, $100.00