Gold more bullish pressure toward $1,550

Gold manages to secure gain in the previous trading day. The price climbed upward and closed near $$1,550 resistance. There is no breakout or confirmation close below bearish pin bar pattern which means bearish correction might not happen. At the current time, traders will monitor the price reaction at $1,550 resistance.

Today critical levels to watch:

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

Resistance: $1,550

Silver getting near $18.50

The price of silver continues its upward movement above $17.73 and getting near $18.50 resistance. The price might reach resistance soon. As long as there is no bearish reaction near $18.50 traders better stay out of short positions.

Today Critical levels to watch:

Support: $18.00, $17.73

Resistance:

Crude oil bounced from the bottom of the channel

The bull still has a chance to bring crude oil upward. The price bounces from the bottom of the channel and closed above $54.50. It is currently testing $55.80 resistance and looking to break out above it. Traders might want to wait until crude oil show bearish reaction at $55.80 or top of the channel to enter short positions. Meanwhile, crude oil might continue its bearish movement inside the bearish channel.

Today critical level to watch:

Support: $55.00, $54.50, $52.40

Resistance: $55.80