Gold further bearish pressure

The state of gold prices looks bearish and is now near $1,900. If the price falls further and closes below $1,900 and forms a lower swing low then the bearish trend will begin. However, if the price can bounce up and form a higher swing high point then the situation can turn bullish again. For now, traders will continue to observe further developments.

Today’s critical levels to watch:

Support: $1,900, $1,850

Resistance: $1,950, $2,000, $2,069, $2,074

Silver moving below $23.00

The movement of silver prices turned bearish again with prices dropping below the current $23.00 mark. If the price continues to weaken and forms a lower swing low point then the bearish situation will continue. On the other hand, if the price can move up and close above $23.00 then the situation can become bullish again.

Today’s Critical levels to watch:

Support: $23.00, $21.35, $20.00

Resistance: $23.90, $25.00, $26.00

Crude oil maintains its position above $90.00

Bearish pressure occurred in today’s trading, but the situation has turned bullish again now with crude oil prices rising above the opening point. The direction of movement of crude oil prices still seems to be bullish and has the potential to continue rising towards $95.00. No change to the situation, if there is a bearish correction towards $80.00 then traders will use this opportunity to enter long positions.

Today’s critical level to watch:

Support: $90.00, $85.00, $80.00

Resistance: $95.00