Gold losing upward pressure

Gold prices could not print new higher swing high in the latest bullish attempt. The price loss ground and move lower with moderate momentum. The top, more or less the same, while the lows looks getting higher. If the price could continue printing new higher swing low, then the ascending triangle will eventually break to the upside. Traders will utilize the pattern and buy near the trend line with stop below 1-2 latest swing low.

Today’s critical levels to watch:

Support: $3,350, $3,250, $3,200, $3,150

Resistance: $3,400, $3,500

Silver major bearish correction

Silver price experience bearish pressure with strong momentum today. It might signal a bearish correction to retest the $37.265 level. If the bearish correction goes deeper, then the $35.25 level might become the target to watch. No change to the long-term bullish outlook yet, for now, we will let the bearish correction test the support level.

Today’s critical levels to watch:

Support: $35.25

Resistance: $38.80, $40.00

Crude oil retesting $65.00

The price of crude oil need to immediately climb and close above $70.00 to avoid bearish continuation.; At the current time, the price looks trading lower with moderate momentum and might test the $65.00 support level soon. On the lower side, if the price could close below the green box area, then the bearish trend could continue.

Today’s critical level to watch:

Support: $65.00, $60.00, $52.4

Resistance: $67.20, $70.00, $77.13