Gold more upside was seen

The surge in gold price continues today as the price lifted to as high as $1,260. Immediately after the resistance $1,260 reached, the price of gold starts its retreat. There is possible new range formed between $1,240 – $1,260 which mean bull trader could add more position when the price reaches bottom of this range.

President Trump and President Xi Jin Ping meeting on Thursday and Friday might give a spark to the new direction in gold.

Today critical level to watch:

Support: $1,250, $1,244, $1,237, $1,233, $1,229

Resistance: $1,260, $1,280, $1,300

Silver almost completed the upmove

$18.50 is within grasp for silver as the price continue its upward movement today. After the precious metal completed this move by touching $18.50, it might start correction, and $18.00 will act as a support level. If the price could break higher than $18.50, then silver will continue its long-term bullish trend.

Today critical level to watch:

Support: $18.00, $17.50, $17.20, $17.00, $16.80

Resistance: $18.50, $18.95

Crude oil confirmed new bullish leg

Crude oil successfully withstands the test of $50.00 today and stage a strong rally. The price might close as a bullish engulfing pattern at the end of the day and indicate more upside in coming days. $52.40 will act as resistance where it initiated the sharp drop in the previous bearish leg.

A close above $52.40 followed by a close above $54.50 will wipe out the bear from the market for short-term.

Today critical level to watch:

Support: $50.00, $49.60, $48.50, $48.00

Resistance: $52.40, $54.50