Gold sideways

A bullish close happened yesterday, but we could say gold price’s situation is sideways. At the current time, the price is ranging between $3,250 – $3,450 and traders will continue to wait for a breakout. We still favor a bullish breakout in the price. If the price turn lower again, then traders could continue to use the green box area as a place to add long positions.

Today’s critical levels to watch:

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

Resistance: $3,400, $3,500

Silver extend bullish movement

Silver prices made a bullish close and there is upward continuation today. The price might attempt to extend the bullish movement to target $40.00 and $41.632. No change to the bullish outlook yet. If the price turn lower again, then the $35.25 is the major support level to watch.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil sideways

Crude oil prices has fallen below the green box area, and it looks like no bearish continuation. The price trading sideways not far from the green box area and might continue ranging for now. Traders will wait for more confirmation whether the price will continue lower to target $60.00 or reclaim the position above the green box area.

Today’s critical level to watch:

Support: $60.00, $52.4

Resistance: $65.00, $67.20, $70.00, $77.13