Gold hanging at the middle of $1,300 – $1,337

Gold trend obviously bullish for medium-term and has more room upside. Looking at the three years high, the precious metal capped at a level around $1,360. We are optimistic gold could continue further upside in the medium-term and test $1,360.

At the current time, gold expected to continue ranging between $1,300 – $1,337. Traders could use the moment to adopt ranging strategies.

Today critical level to watch:

Support: $1,300, $1,290, $1,280

Resistance: $1,337

Silver lower after rejection from $16.00

A bearish rejection from resistance $16.00 brought silver down on Friday. If the correction continues then silver might test $15.60 support level. Despite the bearish correction, we think silver has more upside and could break above $16.00 in the medium-term. It is better to adopt buy on weakness strategies for now.

Today critical level to watch:

Support: $15.60, $15.20, $15.00, $14.40

Resistance: $16.00

Crude oil the upside path is clear

Crude oil cleared $54.50 resistance on Friday trading session and opened the upside path. Currently, the price could continue to next resistance at $57.60. On the long-term view, $60.00 hold the key for trend changing. Traders could use $54.50 – $55.00 as the level to take a long position.

As long as the bull could maintain a position above $54.50 by the end of the month then it is possible for crude oil to rally upside.

Today critical level to watch:

Support: $55.00, $54.50, $52.40

Resistance: $57.60, $60.00