Gold time to add further gain?

At the end of the previous week, gold settled Friday trading session as pin bar candlestick. The reaction looks bearish but the overall situation is neutral as the market waiting for U.S-China negotiation at the end of the week. On Saturday, President Trump and Xi Jinping agree to a cease-fire and the president ease Huawei ban to purchase products from U.S companies.

Gold might start moving up under the current situation and challenge $1,430 resistance. If the resistance is broken then traders could expect the precious metal to continue upward to $1,500.

Today critical levels to watch:

Support: $1,400, $1,390, $1,380

Resistance: $1,430, $1,450, $1,500

Silver bounce from $15.20

Silver never closed below $15.20 in the previous week. The price formed a bullish candlestick at the end of the week and suggest possible bounce from the support level. This week, traders could expect upward movement and target $15.60. As long as the negotiation between the U.S and China move smoothly then no change to the current uptrend.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.80

Resistance: $15.60

Crude oil bearish pattern but positive news

The price of crude oil rejected from $60.00 resistance at the end of the previous week and suggesting a bearish correction. However, the positive news from the U.S and China might overturn current bearish sentiment. A bounce from $57.60 expected and traders might see the price testing $60.00 resistance again soon.

Today critical level to watch:

Support: $57.60, $55.80, $55.00, $54.50

Resistance: $60.00