Gold testing the top of the triangle

Gold prices closed lower yesterday after rejection from the $1,950 resistance level. However, there is no bearish continuation today. The price currently moves higher and testing the top of the triangle again. If gold prices could breakout and close above the triangle pattern then traders will expect bullish continuation next week.

Today critical levels to watch:

Support: $1,900, $1,800

Resistance: $1,950, $2,000, $2,050

Silver building bullish pressure

Yesterday, silver prices surpassed Wednesday high but could not print a higher close at the end of the day. Today, silver attempting to build bullish pressure. If the price could close above Thursday high then traders will expect further bullish pressure next week.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35

Resistance: $30.00

Crude oil climbing slowly

No major change in the crude oil projection yet. The price closed lower yesterday but no lower low printed yet. Similar to the previous analysis, as long as the price stay above $38.50 then it is expected to maintain the bullish trend.

Today critical level to watch:

Support: $40.00, $38.50

Resistance: $49.00, $50.00