Gold looking to add gain toward SMA 200

Gold prices maintain a level not far from $1,800. The precious metal benefiting from the higher inflation report yesterday. It seems the inflation threat will continue to shroud the market in the future and help gold prices to continue moving upward.

A breakout and close above daily SMA 200 also $1,850 will become the bullish confirmation.

Today critical levels to watch:

Support: $1,800, $1,780, $1,700, $1,680

Resistance: $1,850, $1,900

Silver trading sideway near $26.00

Silver prices continue trading sideways near the $26.00 handle and show no clue on the next direction yet. We still assume that the price will continue its bullish movement and bounce from the support level. On the upside, $30.00 and $31.50 is the target.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $29.00, $30.00, $31.50

Crude oil hovering below $77.13

Crude oil prices stabilize below the $77.13 resistance level and waiting for further bullish pressure. Without a major change in the sentiment, crude oil prices are expected to retest the $77.13 resistance level and attempt for a bullish breakout. However, if the price restarts its bearish correction then $70.00 is the support level to watch.

Today critical level to watch:

Support: $70.00, $67.20

Resistance: $77.13