Gold bounce from support $1,390?

Gold under pressure in the previous trading day after President Trump and Xi Jinping agreement to cease trade war. Both parties will not slap additional tariff when trade talk on progress. The precious metal currently attempting to climb above $1,390 and close above it. Will it manage to close above $1,390 and continue its bullish movement toward $1,430?

Today critical levels to watch:

Support: $1,390, $1,380

Resistance: $1,400, $1,430, $1,450, $1,500

Silver closed below $15.20

The price of silver might experience further correction after the price closed below $15.20 in the previous trading day. On the downside, there is $15.00 support level where traders could look for bounce reaction. At the current time, the price expected to trade between $15.00 – $15.20

Today Critical levels to watch:

Support: $15.00, $14.80

Resistance: $15.20, $15.60

Crude oil higher high but close below $60.00 again

In the previous day, crude oil printed higher high on its daily chart. But, the bullish advantage reversed and the price closed near its opening level at the end of the day. It seems the bull is building bullish pressure and we could expect explosive movement upside $60.00.

At the current time, OPEC is holding a meeting to determine the next policy to take. Traders need to monitor the result to get a clue on crude oil next direction.

Today critical level to watch:

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

Resistance: $60.00