Gold stay bullish

There was another bullish close on gold prices, but no bullish continuation yet. We expect the price to continue upward and test the top of the current range. If there is bearish rejection and the price fall again, then the green box area is the place to look for long positions. $3,500 is the major level to watch as resistance level.

Today’s critical levels to watch:

Support: $3,350, $3,250, $3,200, $3,150

Resistance: $3,400, $3,500

Silver on the path upward

Silver prices continue the bullish movement and is set to test the previous swing high. The price could target the $40.00 and $41.632 level. However, if the price fail to print new higher swing high, then there is chance of bearish attempt to break $35.25. A close below $35.25 is the major bearish confirmation to watch.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil false break?

As we mentioned yesterday, crude oil prices will attempt to breakout lower below the green box area after the latest bearish streak. The price managed to breakout, but it is recovering right now. We might see a close near the bottom of box area which might lead to false breakout. No conclusion yet for now, it is better to wait for 2-3 candlestick close to conclude whether crude oil manage to break out or fail.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13