Gold hovering at the middle of $1,280 – $1,300

The situation of gold prices is neutral as the price hovering in the middle of $1,280 – $1,300. Traders could expect the precious metal to range between $1,280 – $1,300 with a bullish bias. As long as there is no breakout below $1,280 then gold still has the opportunity to start new bullish leg and challenge the high.

Today critical levels to watch:

Support: $1,280

Resistance: $1,300, $1,320, $1,325

Silver no breakout outside of $15.00 – $15.20

Silver closed below $15.20 and maintain the level between $15.00 – $15.20. There is no breakout yet from the range and the price expected to continue moving inside the range. We still have a bullish bias in silver as long as the price maintain the level above $15.00 without new lower low printed.

A breakout and a close below $15.00 will cancel the bullish outlook.

Today Critical levels to watch:

Support: $15.00, $14.40

Resistance: $15.20, $15.60, $16.00

Crude oil continuation or correction?

Crude oil started new bullish leg and print fresh yearly high. It is on the way toward $65.00 resistance and there is no change to the outlook yet. Currently, the price stick near the trendline. Will it bounce from the trendline and continue upward? Alternatively, will it break lower and start correction toward $60.00?

Today critical level to watch:

Support: $60.00, $57.60, $55.80

Resistance: $65.00