Gold maintain the bullish advantage.

This week, the bull prolong the movement above $1,337, but losing steam and corrected. The price correction found support around $1,325 and push the price back near $1,337 opening level. Will the bullish sentiment continue and the gold eventually breakout above $1,337 to target $1,350 – $1,360?

Today critical level to watch:

Support: $1,320, $1,300, $1,280

Resistance: $1,337, $1,357, $1,360

Silver under pressure

Initially, the price of silver moving up with strong momentum, but nearing the end of the week, the bear gaining control. Currently, the price traded between $16.80 – $17.00 and might weaken further if the price close below $16.80. However, the short-term trend is bullish, and traders could look for long position near the trendline or $16.80.

Today critical level to watch:

Support: $16.80, $16.50

Resistance: $17.00, $17.50, $17.73, $18.00, $18.50.

Crude oil touch down $62.80

Crude oil prices corrected and reached $62.80 today. There is initial bounce reaction from the level, and the bull might close the day near opening level. The closure above the support will let crude oil to trade between $62.80 – $65.00 next week.

Today critical level to watch:

Support: $62.80, $62.50, $60.00, $57.60

Resistance: $65.00