Gold stick near $1,780

There no major indication yet on gold prices next direction. The price pushed lower yesterday but managed to recover and closed higher near the $1,780 resistance level. Today, there is a bullish attempt but the price return to its opening level and stick near $1,780. We might see the consolidation continue for now near the level.

Today critical levels to watch:

Support: $1,750, $1,700, $1,680, $1,550, $1,500

Resistance: $1,780, $1,800

Silver holding out above $26.00

Silver prices are expected to continue its bullish movement above the $26.00 handle. However, there is no major bullish pressure above the level yet. The price continues trading near the level and waiting for a trigger to move. Traders will continue to hold long positions for now.

Today Critical levels to watch:

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

Resistance: $27.00, $30.00, $31.50

Crude set to test $65.00

The price of crude oil building more bullish pressure and trade near the top of the triangle area. Crude oil price also getting near the $65.00 resistance level and set to test it. We think a breakout will happen and crude oil could continue its bullish movement to target the $70.00 handle next.

Today critical level to watch:

Support: $60.00, $57.60, $55.80, $54.50

Resistance: $65.00, $67.20, $70.00