Gold resume bearish movement toward $1,680 – $1,700

Gold could not recover above the $1,780 – $1,800 area and is currently under pressure. The price falls below the previous week’s low and confirms a bearish continuation to target 1,680 – $1,700 area. Under the current situation, it is better to avoid long positions until the price reaches a support level and forms a major bullish reaction.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,780, $1,800, $1,850

Silver resume bearish movement

The bearish pressure on silver prices resumes as the price moves lower with moderate bearish momentum. If the price move below the previous week’s low then we might see the price hanging near the $21.35 support level soon. Without any bullish reaction, it is better to stay sideline.

Today Critical levels to watch:

Support: $21.35, $20.00

Resistance: $23.00, $23.90, $25.00, $26.00

Crude oil reach the $77.13

Crude oil smoothly moving upward and reaches the level near $77.13 today. The price has not shown any major bearish reaction which means it is better to hold on entering short positions. If the price continues upward and closes above $77.13 then the bullish trend is expected to continue.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13