Gold fell below $1,680

Gold prices confirmed a bearish continuation as the price closed below the $1,680 support level yesterday. The bearish pressure is expected to continue and target the next support level. If the price starts trading upward then traders could use the resistance level as the place to enter short positions.

Today’s critical levels to watch:

Support: $1,680

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

Silver moving lower toward $18.50

Silver prices could not continue its upward movement above the $20.00 handle. The price is currently under bearish pressure and will target the $18.50 support level. If the price could maintain the position above the level then there is a chance of upward movement to target $20.00 and $21.35.

In the bigger outlook, silver prices have not formed a higher high which means the trend is bearish. If the price continues moving lower then it will target a new lower low.

Today’s Critical levels to watch:

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

Resistance: $20.00, $21.35

Crude oil sticks near $85.00

Crude oil prices were back under bearish pressure after the price got rejected from the $90.00 resistance level. The price will attempt to close the week near the $85.00 handle. A bullish bounce from the level could bring the price up and continue consolidation between $85.00 – $95.25.

Today’s critical level to watch:

Support: $85.00

Resistance: $90.00, $95.25, $100.00