Daily Oil, Gold, Silver Technical Analysis August 10, 2018

Gold stay sideline near $1,210

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The price of gold slip at the beginning of the day but recover all of its loses and hovering at positive side before turning down again to test $1,210. The situation is sideways and moving as expected. Traders could continuously monitor the price at $1,210 and watch flipping back and forth near the level.

Today critical level to watch:

Support: $1,210, $1,200

Resistance: $1,220, $1,240, $1,250

Silver no volatility

Silver drifted lower today and almost touch the weekly low. Currently, the price showing no sign of upward correction and might end the week near weekly low. No major movement yet as volatility dies out. Traders will continue to observe next week movement to determine silver direction.

Today critical level to watch:

Support: $15.00

Resistance: $15.60, $16.00, $16.30

Crude oil technical bounce

The journey toward red trendline completed today and crude oil bounced above $67.20. It is a good sign the bull gained control from the bear and the day might close as a bullish engulfing pattern. If the bull could maintain bullish direction and close above previous day high, then traders could start looking for the medium-term long position near $67.20 or Thursday high.

Today critical level to watch:

Support: $67.20, $65.78, $65.00

Resistance: $70.00, $72.50

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