Gold target $1,780 – $1,800

Gold prices printed a higher high and set to continue its bullish movement. At the current time, the price is trading near March’s high and will seek to break out above it. On the upside, $1,780 – $1,800 is the target area. We think it is less likely for the price to make another bearish correction. If a bearish movement happens then it might break the double bottom pattern and bring gold prices further lower.

Today critical levels to watch:

Support: $1,700, $1,680, $1,550, $1,500

Resistance: $1,780, $1,800

Silver trade inside $25.00 – $26.00

Silver prices have returned inside the $25.00 – $26.00 range and are expected to consolidate inside it. If the price could continue its upward movement and close above $26.00 then the price will return to its long-term bullish trend. On the other hand, a close below $25.00 will bring the price back to resume its bearish trend.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

Resistance: $26.00, $27.00, $30.00, $31.50

Crude oil stuck near $60.00

Crude oil prices trading sideline near the $60.00 handle and showing no clue on the next direction. We think the trend will continue pointed to the bullish side. But, traders might want to prepare for possible bearish pressure toward $54.50 – $55.80.

Today critical level to watch:

Support: $57.60, $55.80, $54.50

Resistance: $60.00, $65.00, $67.20, $70.00