Gold closed near $1,680

Gold prices mostly under pressure last week as the price closed near $1,680 support level. This week, the precious metal might continue pressuring the $1,680 support level looking for a breakout. If breakout and close below $1,680 happen then traders will prepare for further weakness toward $1,600.

Today critical levels to watch:

Support: $1,680, $1,650

Resistance: $1,700, $1,750, $1780

Silver closed below $17.50

It is not good news for the silver bull as the price closed below $17.50 by the end of the week. This week, the price might continue pressuring to the lower side. As long as there is no breakout below $16.80, silver still has a chance to bounce and resume its bullish trend toward $18.50 and $20.00

Today Critical levels to watch:

Support: $17.00, $16.80

Resistance: $17.50, $17.73, $18.00, $18.50

Crude oil on track to the target

Crude oil pressed further upward and getting near to close the price gap shown on the daily chart. We think the gap will be closed this week and crude oil might show a bearish reaction. If bearish reaction happen crude oil might be corrected lower up to $33.00

Today critical level to watch:

Support: $33.00, $30.00

Resistance:  $40.00