Gold correction before bullish continuation

The upward movement of gold prices expected to continue and gold will target $1,780 handle. At the current time, the price is corrected lower and might reach $1,700. When the price tested the $1,700 level and form a bullish reaction then traders could enter long positions.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,750, $1,780

Silver closed above $15.60

Silver prices managed to close above $15.60 resistance but the price move lower again below the level today. It seems silver could continue upward and target $16.00 but it might test the $15.20 support level again.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil back to $20.00 handle

Crude oil prices continue under pressure and reach $20.00 handle today. It might be the chance for traders to enter long positions. However, traders will place stop order below the support level. At the current time, the bearish movement is normal as OPEC production cut has not started until May.

Today critical level to watch:

Support: $20.00

Resistance: $25.00, $28.74, $30.00