Gold bearish pin bar pattern

The test on $1,950 resistance resulted in a bearish rejection. Gold printed a bearish pin bar pattern from the $1,950 resistance and might start moving lower to target $1,900. The price is expected to close inside the $1,900 – $1,950 range and continue the consolidation next week.

Today critical levels to watch:

Support: $1,900, $1,800

Resistance: $1,950, $2,000, $2,050

Silver bearish pressure toward $25.00 – $26.00?

The consolidation in silver prices is expected to continue near the $25.00 – $26.00 area as the price traded sideway near it. Silver range is limited inside the triangle pattern with $26.00 as the current support level. Long positions from $26.00 with a stop below $25.00 could be considered.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35

Resistance: $30.00, $31.50

Crude oil limited below $38.50

Crude oil closed below $38.50 and currently consolidating near the level. The price made a bullish attempt toward the level but got rejected yesterday. If the price could add more bearish pressure then traders will expect crude oil to continue moving lower and target the $33.00 also $30.00 support level.

Today critical level to watch:

Support: $33.00, $30.00

Resistance: $38.50, $40.00, $49.00, $50.00