Gold turn lower again

Gold prices fall below Friday’s low and might continue lower to find support level. On the lower side, the green box area will continue act as support level. The $3371 level is the resistance level to break now, when the price could break out and close above the level, we will see bullish continuation. Meanwhile, if the price fall below the latest swing low, then there is chance of bearish continuation. to target the bottom of green box area.

Today’s critical levels to watch:

Support: $3,250, $3,200, $3,150

Resistance: $3,350, $3,400, $3,500

Silver looking for support test

Silver prices continue the bearish movement and might attempt to retest the broken resistance level $37.25. When there are bullish reactions after the test, traders could enter long positions targeting $40.00. However, if the price extends the bearish movement and fall below $35.25, then the situation might turn bearish for medium-term.

Today’s Critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil stay supported

Although the situation growing bearish for crude oil prices, for now, the price is supported by the green box area. However, if the price fall sharply below the level, then it will confirm the breakout from bearish flag pattern. On the upside, a close above $70.00 might cancel the bearish pattern.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13