Gold waiting for the next direction

The price of gold not making further bearish close in the previous trading day. The price closed inside the Friday range and might continue to consolidate for now. Traders will wait for further reaction in the gold prices for now. A lower close below the Friday candlestick low will become the bearish confirmation traders waiting for.

Today critical levels to watch:

Support: $1,450, $1,430

Resistance: $1,480, $1,500, $1,550

Silver holding out near $16.50

The price of silver dropped sharply on Friday trading session. But, no bearish continuation in the previous trading day and silver maintain the position above $16.50. The price might continue under pressure and keep testing the support level for now. Traders will observe the price reaction near the $16.50 for now.

Today Critical levels to watch:

Support: $16.50

Resistance: $16.80, $17.00, $17.50, $17.73

Crude oil looking for a bullish breakout above $59.50 – $60.00

No breakout above the resistance area yet and crude oil expected to continue traded near the area for now. If there is bearish pullback toward $57.60 then traders could add more long positions.

Today critical level to watch:

Support: $57.60, $55.80, $54.50

Resistance: $59.50, $60.00