Gold continue upward

The situation of gold prices is bullish for long-term but sideways right now. The price trading upward and might test the upper range of $3,250 – $3,450. Traders will wait for breakout from the range to get confirmation of the next trend. As long as there is no breakout, traders could use the range to do range trading with bullish bias.

Today’s critical levels to watch:

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

Resistance: $3,400, $3,500

Silver moving toward $40.00

Silver prices trading upward and soon will reach the previous swing high also the $40.00 level. Traders could continue to hold long positions for now and expect the $40.00 and $41.632 as upward target. On the lower side, the latest swing low $36.93 will become the invalidation for the current bullish trend.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil bearish rejection

Crude oil prices moving inside the green box area but immediately get rejected from the $65.00 level. The price might resume the bearish trend to target the $60.00 level. On the upside, a close above the green box area will cancel the current bearish outlook. Traders will maintain bearish outlook until a new higher swing high formed.

Today’s critical level to watch:

Support: $60.00, $52.4

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