Gold looking for bullish catalyst

The bullish trend of gold looks ready to continue after the bounce from $1,337 support level. However, the bounce slowed down and the bear return to the market today. The bear appearance is typical as the market waiting for non-farm employment data from the U.S.

We might not see much movement today as it is Friday and as long as gold close above $1,337 it is safe to assume the bullish trend will continue.

Today critical level to watch:

Support: $1,340, $1,337, $1,325, $1,320, $1,300

Resistance: $1,357, $1,360

Silver no optimistic outlook yet

The precious metal follows a path lower with the high keep getting lower. The only good news is the low does not get lower. Traders will watch silver reaction near $17.00 today, a close below the level is detrimental to the continuation of the bullish trend.

Today critical level to watch:

Support: $17.00, $16.80, $16.50

Resistance: $17.50, $17.73, $18.00, $18.50.

Crude oil more bullish attempt

The bull is working hard in crude oil prices. We could see another bullish close above $65.00 which suggest correction delayed. At current situation, crude oil might continue higher above previous week high and reach another milestone at $70.00.

Similar to previous day analysis, there is no high probability setup yet in crude oil.

Today critical level to watch:

Support: $65.00, $62.80, $62.50, $60.00

Resistance: –