Gold maintains dominance near $1,500

The upward movement of gold has completed the target at $1,500. No strong bearish reaction from the resistance and the precious metal closed near $1,500 for the second days. Today, there is a limited bearish reaction and gold might close near $1,500 by the end of the week.

Next week, traders will continue to monitor the precious metal reaction at $1,500 to determine the next long-term direction.

Today critical levels to watch:

Support: $1,480, $1,450

Resistance: $1,500

Silver waiting for a breakout above $17.00

Silver slightly lower yesterday and close below $17.00. The price might consolidate between $16.80 – $17.00 until the end of the week. Next week, silver might continue the consolidation while waiting for a breakout above $17.00. Traders could prepare for long positions near $16.50 and $16.80.

Today Critical levels to watch:

Support: $16.50, $16.00

Resistance: $16.80

Crude oil started bullish correction from $52.40

Bullish correction started at the crude oil prices from $52.40 support level. The upward movement still continues at the current time and ready to test $54.50 resistance. Crude oil might settle near $54.50 resistance and waiting for the next direction next week.

Today critical level to watch:

Support: $52.40

Resistance: $54.50, $55.00