Gold continues toward $1,586.15?

Gold managed to bounce from the $1,550 support level and closed near the middle of $1,550 – $1,586.15 range. The precious metal might wait for the market reaction after today’s U.S non-farm employment data. Without a major change in the situation, gold expected to continue its ranging movement between $1,550 – $1,586.15.

Today critical levels to watch:

Support: $1,550, $1,500

Resistance: $1,586.15, $1,600

Silver closed near $17.73

No clue on the silver next direction yet as the price continue trade near $17.50 – $17.73. Today U.S job data might influence the market and create momentum movement in silver prices. A close inside the range $17.50 – $17.73 is a confirmation that the price will continue ranging movement.

Today Critical levels to watch:

Support: $17.50, $17.00

Resistance: $17.73, $18.00, $18.50

Crude oil closed at the middle of $50.00 – $52.40

Crude oil continue its movement inside $50.00 – $52.40 range. The price reached the level near both $50.00 and $52.40 and settle at the middle of it. The price expected to continue its ranging movement inside the range for now with a bearish bias. If crude oil manage to close above $52.40 then bullish correction might continue toward $54.50.

Today critical level to watch:

Support: $50.00, $49.00

Resistance: $52.40, $54.50