Gold supported at $1,240

The less enthusiastic on The Fed rate-hike brought U.S dollar index under pressure. Moreover, President Trump also promised to intervene on Huawei CFO capture to ensure the talk between U.S-China continues. Gold find support at $1,240 today as expected and headed higher toward $1,250.

If the bullish situation in gold continues then we might see gold hanging near the daily SMA 200 soon.

Today critical level to watch:

Support: $1,240, $1,234, $1,220

Resistance: $1,250

Silver momentum movement higher

The price of silver launch from $14.40 support level and surpass its bearish trendline. It could be the sign silver finally will start a bullish leg and challenge $15.00. Traders who hold long position could continue to hold the position until silver reach $15.00 and show a strong bearish reaction.

Today critical level to watch:

Support:  $14.40, $14.00

Resistance: $15.00, $15.60

Crude oil no escape from $52.40

Another no breakout above $52.40 for crude oil. The price movement relatively tame and stick near the level the entire day. Crude oil range span between $50.00 – $52.40 and expected to hold for now. The production cut by OPEC might have an effect on the price but it might not be shown in the short term.

Today critical level to watch:

Support: $50.00

Resistance: $52.40, $54.50