Daily Oil, Gold, Silver Technical Analysis January 11, 2019

Gold waiting for a bullish trigger

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The price hanging near high and not losing ground. Gold prices swinging up and down between $1,280 – $1,300 and looks waiting for a bullish trigger from the current level. There is nothing much to expect at the current level, traders could place a long position near $1,280 or short positions near $1,300.

Today critical level to watch:

Support: $1,290, $1,280

Resistance: $1,300

Silver hanging near $15.60

Silver slide below $15.60 but climb above it again today. The price is due for a correction, but it seems the bull is not letting go the control over silver. At the current time, it is better to stay sideline and wait for momentum movement in silver.

Today critical level to watch:

Support:  $15.60, $15.00, $14.40

Resistance: $16.00

Crude oil the climb is not over

Crude oil print another bullish candlestick yesterday and enter ninth bullish day today. The upward movement slowed down but we expect the price will hit $54.50 soon. Overall, crude oil might move inside $52.40 – $54.50 until next direction settled.

Today critical level to watch:

Support: $52.40, $50.00, $49.00

Resistance: $54.50, $55.00

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