Gold waiting for bullish continuation

Gold prices trending upward, but the price seems stalling right now. It has room upward to test the $3,450 level before continue higher or turning lower again. As we mentioned, the price currently ranges between $3,250 – $3,450 and traders could use the bottom of the range for bullish accumulation. While shorting at $3,450 could be done, but we maintain bullish outlook on the price for now.

Today’s critical levels to watch:

Support: $3,250, $3,200, $3,150

Resistance: $3,350, $3,400, $3,500

Silver sideways

The bullish movement of silver prices is expected to continue to target $40.00 and $41.632. As long as the price stay above $35.25, the trend will continue bullish. Traders who has long positions will continue hold the positions with stop below $35.25 or the latest swing low.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil bearish advantage

Crude oil prices made a bullish attempt today, but it immediately reversed and fall below opening level. The price now falls below $65.00 and has a chance to continue the bearish movement to close below the green box area. A breakout and close below the box area will open the path toward $60.00.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13