Gold upward continuation above $1,337

Gold bounce from the top of triangle closed above $1,337 and opened more room upward for the bull. Currently, the price is testing broken $1,337. The bull only needs to push the price higher from $1,337 and closed the price above previous day high to confirm bounce.

Today critical level to watch:

Support: $1,337, $1,325

Resistance: $1,340, $1,350, $1,360

Silver hover inside triangle

Silver progress as expected inside the triangle consolidation and near $16.50 resistance. The price rejected from the top of the triangle and currently testing the level $16.50. It might move down and test the bottom of the triangle before bounce happens.

Today critical level to watch:

Support: $16.50, $16.30, $16.00

Resistance: $16.80

Crude oil bull under threat

Correction happened in crude oil prices and brought it down to $62.80 support level. There is momentum in the downward movement and could extend lower to the red trendline. If the price closed below $62.80, traders who hold long position might want to cover position and wait to enter new long position near the red trendline.

Today critical level to watch:

Support: $62.80, $62.50, $60.00, $59.00

Resistance: $65.00, $65.78