Daily Oil, Gold, Silver Technical Analysis August 14, 2018

Gold New Low

Free $50 Forex No-Deposit Bonus

Gold took a lower path in the previous day, broke the support $1,200 and risk more selling. Traders currently will look for bearish continuation and retest of $1,200 to enter a short position. However, the bull still has a chance to reverse the situation by moving back the price above $1,200 and Monday high.

Sharp movement above Monday high will trigger a medium-term reversal.

Today critical level to watch:

Support: –

Resistance: $1,200, $1,210, $1,220

Silver bearish checkpoint

Silver broke below the yellow box and close below $15.00 target. The breakout indicates a strong bearish outlook and might continue downward. Fortunately for the bull, today the price attempting to move up and maintain the position above $15.00. It is still possible for the bull to reverse the situation and bring silver up to the bottom of the breakout for a retest.

Today critical level to watch:

Support: $15.00

Resistance: $15.60, $16.00, $16.30

Crude oil supported by red trendline

Crude oil losing altitude in the previous day but manage to close the price above $67.20 and once again bounced from the red trendline. The bull still has upper hand and currently attempting to move above previous day high. We think crude oil could reach $70.00 if the price could close above previous day high.

Today critical level to watch:

Support: $67.20, $65.78, $65.00

Resistance: $70.00, $72.50

Copyright © 2018. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.