Gold target $1,480 – $1,500 area

The upward movement in the gold prices has not stopped yet. Gold climb toward $1,480 – $1,500 area but lost its bullish momentum today. We have gold trading near the opening level at the current time. Will gold regain the upward momentum and reach $1,480 – $1,500 soon?

Today critical levels to watch:

Support: $1,450, $1,430, $1,400

Resistance: $1,500

Silver rejected from $16.50 resistance

No breakout above $16.50 resistance yet, silver experienced another rejection from it. At the current time, the price has traded back near its opening level. If the bear gains more momentum then silver could retrace lower and target $16.00.

Today Critical levels to watch:

Support: $16.00, $15.60, $15.20

Resistance: $16.50, $16.80

Crude oil bounce from $54.50 support level

Crude oil maintains the position above $54.50 in several days. The price also supported by the bottom of the bearish channel. We think crude oil will consolidate between $54.50 – $55.80 until next short-term direction settled.

Today critical level to watch:

Support: $55.00, $54.50

Resistance: $55.80, $57.60, $60.00, $65.00