Gold waiting for a bullish trigger

Last week, gold prices has printed a higher high and set to target $1,780 – $1,800. There is no bullish follow-through yet but the price managed to recover from selling. At the current time, traders will wait for further bullish pressure to push the price toward $1,780 – $1,800.

A close above $1,800 will confirm the bullish trend and bring gold prices back to its long-term bullish trend.

Today critical levels to watch:

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

Resistance: $1,780, $1,800

Silver closed inside $25.00 – $26.00

Silver prices managed to close the week inside the $25.00 – $26.00 range. It means the price will start another consolidation inside the range. If the price could close above $26.00 then the long-term bullish trend is expected to continue. On the other hand, if the price closes below $25.00 then the bearish trend will continue.

Today Critical levels to watch:

Support: $25.00, $21.35, $20.00

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

Crude oil sideways near $60.00

Crude oil prices continue trading sideline near the $60.00 handle. There is not much movement as the price range slowly tightens. The same strategy as before, traders will continue to monitor the price movement near the $60.00 for now.

Today critical level to watch:

Support: $57.60, $55.80, $54.50

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