Gold moving to top of range

Gold prices slowly moving upward and might reach the top of $3,250 – $3,450 range in few days – week. We still expect the price to continue the bullish trend and print new record high. No change to the trading plan, whenever the price fall toward the green box area, traders could continue 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 maintain bullish pressure

Silver prices on the path upward to target the $40.00 and $41.632 level. The price might come under bearish pressure, but the bull defended and bring the price back to the opening level. If the bullish situation continues, then we will expect silver prices to continue grinding upward and reach target eventually.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil trading near $65.00

There was bearish rejection on crude oil prices, but the price seems to maintain the position near the $65.00 level. As long as the price stay below the green box area, we assume it will continue the bearish trend. When the price climb and close above green box area or $70.00, then the situation will turn bullish.

Today’s critical level to watch:

Support: $60.00, $52.4

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