Gold testing the support $1,390

The further bearish close happened in gold prices. We could see the precious metal continuously testing the support level $1,390 and no bounce yet. At the current time, there is no bullish reaction from the support level. However, we expect the price will bounce and continue the ranging movement between $1,390 – $1,430.

Today critical levels to watch:

Support: $1,390, $1,380

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

Silver attempting to return above $15.00

Silver attempt to move back above $15.00 received a bearish reaction. Initially, the price manages to climb above the level. However, at the end of the day silver drop and closed below $15.00. At the current time, there is another bullish attempt. Will the price manage to close above $15.00 at the end of day and continue upward to test $15.20?

Today Critical levels to watch:

Support: $14.80

Resistance: $15.00, $15.20, $15.60

Crude oil bearish pin bar pattern

The upward movement of crude oil rejected from $57.60 resistance and formed a bearish pin bar pattern. It might start moving lower today if the bear could push the price below the previous day low. Traders could prepare for short positions with $54.50 – $55.80 as the target.

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60, $60.00