Gold looking to bounce from $1,700

We have a bullish bounce from the $1,700 support level and gold currently moves higher above the previous day high. On the daily chart, traders could see a harami pattern that could become the trigger for the next bullish rally. At the current time, traders will wait for a bullish close above the pattern high to get further bullish confirmation on gold.

Today critical levels to watch:

Support: $1,700, $1,680

Resistance: $1,750, $1,780

Silver consolidating near $15.20

The $15.20 handle, hinder the movement of silver as there is no major momentum movement from the level. Yesterday, silver closed above the level and might extend its bullish movement. Today, silver prices attempting to move above the previous day high and might continue toward $15.60 if there is a close above previous day high.

The close above $15.60 is the trigger for medium-long-term bullish movement in silver prices.

Today Critical levels to watch:

Support: $15.20, $15.00

Resistance: $15.60

Crude oil extend bullish movement, target $20.00

Traders could spot a bullish trendline on the chart where crude oil comfortably moves higher. The price soon will reach the resistance level around $18.00. We think the resistance level will be broken to the upside and crude oil will reach $20.00 handle.

Without any major bearish reversal, traders could hold long positions.

Today critical level to watch:

Support: $16.00, $10.00, $0

Resistance: $18.00, $20.00