Gold testing $1,680

The bearish pressure on gold prices continues today as the price tests $1,680 support level. There is a slight bullish reaction and no lower low printed yet. If the price could continue to maintain the position above $1,680 and close above $1,700 then there is a chance of bounce toward $1,780 – $1,800 area.

Today’s critical levels to watch:

Support: $1,680

Resistance: $1,700, $1,780, $1,800

Silver hanging near $20.00

Silver prices made a close near the $20.00 handle but no bullish continuation yet. The price keeps moving near the level and waiting for a further bullish reaction. If the price could close above $20.00 then it could continue upward to target $21.35. On the other hand, bearish rejection will bring the price down to test $18.50.

Today’s Critical levels to watch:

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

Resistance: $20.00, $21.35

Crude oil rejection from $90.00

Crude oil prices are under bearish pressure today after the price got rejected from the $90.00 handle. The price might continue lower to test the $85.00 support level. If the price close below $85.00 then it will continue lower to attempt a new lower low. However, if the price could maintain the level above $85.00 then the consolidation between $85.00 – $95.25 will continue.

Today’s critical level to watch:

Support: $85.00

Resistance: $90.00, $95.25, $100.00