Gold bullish confirmation from $1,220

Bullish confirmation in the gold price after it formed bullish pin bar. This is a solid pin bar from the support $1,200 – $1,220 area and will start a new bullish leg toward $1,250 and $1,280-$1,300 resistance area.

Today critical level to watch:

Support: $1,220, $1,200, $1,184, $1,180, $1,166

Resistance: $1,250, $1,280 – $1,300

Silver trendline resistance on the horizon

Not much upside room for silver as the price approaching its bearish trendline. Although it is bearish, recent development in the global market might shift, and the silver price could appreciate further.

Today critical level to watch:

Support: $18.00, $17.50, $17.20, $17.00, $16.75

Resistance: $18.50

Crude oil small setback opportunity to buy

No change in the outlook of crude oil. The price expected to continue its sideway movement inside the triangle consolidation pattern and wait for a break. Similar strategies as previous analysis, buy the bottom of the triangle or buy the upside breakout of the triangle.

Today critical level to watch:

Support: $52.40, $51.93, $50.50, $50.00, $49.60

Resistance: $54.50, $55.00