Gold consolidation between $1,780 – $1,800

Gold bearish pressure brought the price down and reach the $1,780 level yesterday. There is a bullish bounce from the level and currently, the price is testing $1,800. We might see the price continue trading sideway between $1,780 – $1,800 until the close of the week. Next week, traders will continue waiting for a close outside of the range for the next direction confirmation.

Today critical levels to watch:

Support: $1,780

Resistance: $1,800, $1,850

Silver stick near the yellow box area

There is no bullish reaction yet from the yellow box area. Silver prices continue trading near it and waiting for further reaction. On the upside, a close above $26.00 is confirmation for long-term bullish continuation. On the downside, a close below the yellow box area is confirmation for bearish continuation toward $21.35.

Today Critical levels to watch:

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

Resistance: $25.00, $26.00

Crude oil mostly sideway

Crude oil prices are waiting for the close above $70.00 to continue its bullish movement. At the current time, the price is trading between $67.20 – $70.00 and waiting for a breakout. We might see the price settle inside the area and further consolidation next week.

Today critical level to watch:

Support: $67.20, $65.00, $60.00

Resistance: $70.00, $77.13