Gold getting near to target

The price of gold enjoying a long bullish leg and getting near the $2,981 – $3,000 target area. The price might reach the level soon, and we might see either breakout or bearish rejection. Nevertheless, if the price start a bearish correction, then traders could use it as a chance to add more long positions. On the lower side, $2,789 is the major support level to watch.

Today’s critical levels to watch:

Support: $2,800, $2,750, $2,685, $2,600

Resistance: $2,981, $3,000

Silver on the path higher

The price of silver now has $32.00 and $32.50 as support levels. We expect the price to continue its climb to target the $35.25 resistance level in the medium-term. Under current situation, the strategy is to keep buying when there is bearish correction toward strong support levels.

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil losing bullish pressure

Crude oil prices has not printed new higher high which mean no confirmation for bullish continuation yet. The price lose the bullish pressure today and testing yesterday’s low. If the price turn lower again, then $70.00 is the support level to watch. On the upside, the price will target $77.13 if it manages to continue the bullish movement.

Today’s critical level to watch:

Support: $70.00, $67.20, $65.00

Resistance: $77.13, $80.00, $83.85