Gold almost reach $1,250

The upward movement in gold work smoothly and bring the price near $1,250. The precious metal only needs $7.50 to reach the destination. More tension in the market will help it reach the target faster. After gold reaches the target, it might continue further upside if global tension continues to escalate.

Today critical level to watch:

Support: $1,220, $1,200, $1,184, $1,180, $1,166

Resistance: $1,250, $1,280 – $1,300

Silver pause before further upside

Slowly crawling up, silver on the path toward the trendline resistance. No change in the outlook and we think silver will reach the target soon.

Today critical level to watch:

Support: $17.50, $17.20, $17.00, $16.75, $16.50

Resistance: $18.00, $18.50

More upside in the Crude Oil

Crude oil break outside of the triangle canceled after previous day bullish candlestick which move the price back inside the range. $52.40 was claimed by the bull and confirmed the false breakout and produce bear trap. Traders who are short crude oil need to be wary and ready to close out positions if crude oil manages to move higher than $54.50.

Today critical level to watch:

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

Resistance: $54.50, $55.00