Gold looking for a breakout above $1,586.15

The bullish pressure continues in gold prices as the precious metal stick near the resistance level. Gold might close near the resistance level and wait for further reaction next week. At the current time, traders will continue to maintain long positions and prepare for a possible breakout.

Today critical levels to watch:

Support: $1,550, $1,500

Resistance: $1,586.15, $1,600

Silver closed above $17.73 support level

Bullish rebound happened in silver prices from the $17.50 support level. The price closed above $17.73 and might continue its upward movement. However, it is possible that silver prices will close near $17.73 at the end of this week.

Today Critical levels to watch:

Support: $17.73, $17.50, $17.00

Resistance: $18.00, $18.50

Crude oil maintain the close above $52.40

Even though crude oil prices descend below $52.40, it managed to close above $52.40 by the end of the day. No breakout and close below the support level and there is a chance for a bullish reversal. At the current time, crude oil expected will range between $52.40 – $54.50.

Today critical level to watch:

Support: $52.40, $50.00

Resistance: $54.50, $55.80, $57.60