Gold almost reaches top of range

The bullish movement of gold prices continue and gaining momentum. If there is no change to the situation, then the price will reach the top of range soon. Traders will observe the reactions at the resistance level. A breakout and close with strong momentum will confirm bullish continuation. On the other hand, rejection could bring the price lower to retest the bottom of range again.

Today’s critical levels to watch:

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

Resistance: $3,400, $3,500

Silver new higher high

Silver prices keep building bullish pressure and soon will reach the previous swing high also the $40.00 handle. We expect the price to extend the bullish movement to target $40.00 and $41.632. As we mentioned before, the $36.93 level is the invalidation level for the current bullish movement.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil stay below $65.00

The bearish rejection from the $65.00 level has no bearish follow-through. Crude oil prices stick near the $65.00 level for now and might attempt to move upward. If the price could extend the bullish movement and close above the green box area, then the trend might turn bullish. On the lower side, a new lower swing low will confirm continuation toward $60.00.

Today’s critical level to watch:

Support: $60.00, $52.4

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