Gold projected sideways between $1,325 – $1,337

Gold prices might be in an uptrend, but it is currently challenging the resistance $1,337. Today, the bear pushed the price lower after it moves near $1,337. There is no major setup yet, and gold might trade between $1,325 – $1,337 until breakout happen.

Traders could continue trade the range with a bullish bias.

Today critical level to watch:

Support: $1,325, $1,320, $1,300, $1,280

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

Silver weak close below $17.00

The price of silver looks bullish after the bounce from $15.60 low. However, the bull could not bring the price up and made another close below $17.00. This week, the bear might seize control from the bull and test $16.80. Traders may want to stay bullish as there is no strong bearish setup yet.

Today critical level to watch:

Support: $16.80, $16.50

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

Crude oil traded above $62.80 support

Crude oil is in an uptrend and supported by $62.80 support level. The bull might continue to press the price upward as $65.00 resistance has not reached. However, there is the possibility of retracement from current level too. $59.00 – $60.00 is the area to watch for a long position.

Today critical level to watch:

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

Resistance: $65.00