Gold slight pullback

Gold prices is in a bearish move today after the Friday bearish close. U.S. dollar index also gaining globally which means the current weakness is dominated by U.S. dollar index movement. With no change to the bullish trend, traders could wait for the bearish correction to lose its momentum and show bounce reactions near the trendline for a chance to add long positions.

Today’s critical levels to watch:

Support: $2,600, $2,550, $2,530

Resistance: $2,685, $2,750, $2,800, $2,841

Silver retesting $30.00

Silver prices has left the $29.00 – $30.00 area but it currently revisit the $30.00 and will test it. If the price could maintain the positions above $29.00 – $30.00 area then traders could expect bullish continuation to test $31.50. A bullish breakout and a close above $31.50 might confirm the continuation of the bullish trend.

Today’s Critical levels to watch:

Support: $30.00, $29.00

Resistance: $31.50, $32.50, $35.25

Crude oil stay above $77.13

The price of crude oil experiencing bearish pressure but no retest on the $77.13 level yet. The price might continue maintain its position above $77.13 and attempt to bounce from it. If the price could form bullish reactions after the retest then traders could add more long positions to target a new higher swing high.

Today’s critical level to watch:

Support: $77.13, $70.00, $67.20, $65.00

Resistance: $80.00, $83.85