Gold looking to bounce from $1,500

Gold secured a bullish close above $1,500 and cancel the bearish scenario below the support level. At the current time, the price is testing the $1,500 handle and looking to bounce from it. No bullish reaction yet, traders could look for long positions when there is a bullish reaction in the short-term time frame.

Today critical levels to watch:

Support: $1,500, $1,480, $1,450, $1,430

Resistance: $1,550

Silver return above $17.00

After the close below $17.00, silver is in risk for a further bearish correction. However, the price manages to return above $17.00 and close above it yesterday. The event canceled the bearish outlook and opening the path upward. At the current time, the price is testing $17.00 and looking to bounce from it. Will silver bounce from the support and continue its uptrend?

Today Critical levels to watch:

Support: $17.00, $16.80, $16.50

Resistance: $17.50

Crude oil avoided a close below $55.80

The price of crude oil experienced a bearish test below $55.80 yesterday. Initially, it was expected to close below the support level and range between $54.50 – $55.80. However, the bull manages to push the price up to and close the day above $55.80. Crude oil might continue its bullish correction toward $57.60 and the top of the channel.

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60