Gold more consolidation before moving further higher

Gold prices are in a consolidation period as the price currently moves above $1,700. It seems the precious metal is searching for support to bounce from. Traders who want to enter long positions could wait near $1,700. On the upside, $1,780 is the target.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,750, $1,780

Silver supported near $15.20

The price of silver corrected lower from above $15.60 and tested the level near $15.20. At the current time, there is no bullish confirmation yet but we think silver will continue its upward movement toward $16.00. Meanwhile, traders could use the level near $15.00 – $15.20 to enter long positions.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil stick near $20.00

No bounce yet in crude oil prices near $20.00 handle. The price currently will continue testing the support level. If bearish breakout happens then it might not last long as OPEC production cut will take place next month.

Traders could use the moment to enter long positions near the support level.

Today critical level to watch:

Support: $20.00

Resistance: $25.00, $28.74, $30.00