Gold bullish close, challenge the top of the triangle

We have a bullish close in the previous trading day, currently gold is testing the top of the triangle pattern. If breakout happens then traders will expect gold to continue upward and reach $1,700. No breakout happen yet at the current time. It is possible too that gold prices will reverse and start moving toward the bottom of the triangle.

Today critical levels to watch:

Support: $1,700, $1,680, $1,650, $1,600

Resistance: $1,750, $1780

Silver more sideways movement near $15.60

Silver prices consolidate near $15.60 resistance and continue moving sideway at the current time. As long as there is no breakout above the level, silver expected to continue movement inside $14.80 – $15.60. Traders will continue to monitor the price movement near $15.60 for now.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.80, $14.40

Resistance: $15.60

Crude oil stick near $25.00

Not much movement yet near $25.00 handle. Crude oil prices mostly sideways and might continue its consolidation for now. However, we think the direction will continue bullish after the consolidation ended. Crude oil might target $30.00 handle next.

If the price move lower and reach $20.00 then traders could consider entering long positions.

Today critical level to watch:

Support: $22.00, $20.00

Resistance: $25.00, $30.00