Gold no breakout above $1,780 yet

The consolidation of gold prices near $1,780 expected to continue as the price could not break out above the resistance level last week. We have a bullish close on the Friday trading session. Will the precious metal finally breakout above the $1,780 and continue toward $1,800 this week?

Today critical levels to watch:

Support: $1,750, $1,700

Resistance: $1780, $1,800

Silver looking to add gain toward $18.50

Silver prices climbed toward the $18.50 resistance level but got rejected and fell toward $17.73. There was a bounce from the $17.73 but no conclusion yet on the next direction of silver. We think silver will continue its movement between $17.73 – $18.50 this week with a bullish bias.

Today Critical levels to watch:

Support: $18.00, $17.73, $17.50

Resistance: $18.50, $20.00

Crude oil continues near $40.00

Crude oil prices maintained its position near the $40.00 resistance level. The bullish pressure expected to continue building for now. Traders will continue waiting for a further reaction from the $40.00 resistance this week. A higher-high or a lower low will become the signal for the next direction.

Today critical level to watch:

Support: $38.50, $35.00, $34.36

Resistance:  $40.00