Gold bullish breakout

Gold bull gain traction above $1,430 and print fresh yearly high. The precious metal might continue upward to the next resistance at $1,500. If the price corrected lower then traders could look for a long position near the breakout point $1,430.

Today critical levels to watch:

Support: $1,430, $1,400, $1,390, $1,380

Resistance: $1,450, $1,500

Silver further bullish pressure

Silver closed near the highest point of previous trading day candlestick. The precious metal set to extend its gain toward $16.50. At the current time, it is rejected from the blue trendline and might start a bearish correction before further upside. Traders suggested waiting until pullback happens before placing long positions.

Today Critical levels to watch:

Support: $16.00, $15.60, $15.20

Resistance: $16.50

Crude oil no bounce yet

Target has been reached in the crude oil, the price touched the level between $54.50 – $55.00 before bounced from it. Today, the pair will try to maintain the position above $55.80 to start a bullish correction. No confirmation yet for the bullish bounce so traders better stay sideline for now.

Today critical level to watch:

Support: $55.00, $54.50

Resistance: $55.80, $57.60, $60.00, $65.00