Gold stick near $1,780

Gold prices continue its sideways movement near the $1,780 resistance level. No major bearish reaction yet from the resistance level. Traders will expect the precious metal to continue its sideways movement near the resistance level until the close of the week.

Next week, the consolidation expected to continue. We will wait for either major bearish reaction or bullish breakout.

Today critical levels to watch:

Support: $1,750, $1,700

Resistance: $1780, $1,800

Silver ranging between $17.73 – $18.50

The silver upward movement rejected near the $18.50 resistance level. Yesterday the price continue its bearish pressure but maintained the positions above $17.73. At the current time, the price expected to trade between $17.73 – $18.50 with a bullish bias.

Today Critical levels to watch:

Support: $18.00, $17.73, $17.50

Resistance: $18.50, $20.00

Crude oil stick near $40.00

The bullish pressure in crude oil continue as the price slowly moving upward. No major bullish breakout from the $40.00 resistance level yet. The price might continue moving sideline until the end of week. Next week, traders will wait for a further reaction from the $40.00 to determine next direction of crude oil.

Today critical level to watch:

Support: $38.50, $35.00, $34.36

Resistance:  $40.00