Gold waiting for buying trigger

Gold hanging at the high and show no major bearish correction sign. The price looks will continue to stick near the high and waiting for a trigger to move further upside. U.S job data will come under focus today, weak data will become the reason for the Fed to cut rate and boost gold prices. Long positions from $1,390 are the best options traders could take.

Today critical levels to watch:

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

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

Silver maintains the position above $15.20

No breakout below $15.20 but there is no bullish bounce yet from the level. Silver expected to maintain the level above $15.20 at least until the release of U.S job data. We favor bullish scenario to bearish scenario and suggest traders prepare for long positions between $15.00 – $15.20

Today Critical levels to watch:

Support: $15.20, $15.00, $14.80

Resistance: $15.60

Crude oil ranging between $55.80 – $57.60

Similar to other instruments, crude oil traded lower and rejected from $57.60 when attempting to move upward. At the current time, the price expected to range between $55.80 – $57.60 until breakout happen.

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60, $60.00