Gold waiting for trigger

Gold settled inside $1,200 – $1,220 range before non-farm employment data today. The price will continue its consolidation between $1,200 – $1,220 until there is a trigger news. Stronger Non-farm employment number might be shrugged by the market as President Trump policies weight more.

While waiting for the break either side, traders could take ping-pong trade inside the $1,200 – $1,220 range.

Today critical level to watch:

Support: $1,200, $1,184, $1,180, $1,166, $1,160, $1,150

Resistance: $1,220, $1,250

Silver looking for support

The resistance level $17.50 hold its ground after silver attempted to move past it. The price of silver is moving down and looking for support, and it looks like to find support at the trendline or $17.00 horizontal support level. If the price manages to reverse at the support level, we might see $18.50 in the medium term.

Today critical level to watch:

Support: $17.20, $17.00, $16.75, $16.50, $16.40

Resistance: $17.50, 18,50

Crude Oil no change in the trend

No change in the crude oil trend, the price of crude oil is moving inside the triangle and still looking for a trigger to break outside of the range. Traders need to wait until breakout happen or only trade the bounce inside of the range.

Today critical level to watch:

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

Resistance: $54.50, $55.00