Gold three days bullish close

The upward movement of gold prices expected to continue this week and target $1,780 resistance level. Traders who enter long positions near $1,680 – $1,700 could continue hold the positions. At the current time, traders should wait and see until the precious metal reaches an important level.

Today critical levels to watch:

Support: $1,700, $1,680, $1,650, $1,600

Resistance: $1,750, $1780

Silver not far from $18.50

Silver prices continue its upward movement and closed above $18.00 near $18.50. The price expected to test $18.50 resistance soon. Traders will observe the reaction from the $18.50 resistance. A major bearish pattern from the level is an initial indication that bearish correction toward $17.73 will happen.

Today Critical levels to watch:

Support: $18.00, $17.73

Resistance: $18.50

Crude oil on the path higher

Similar to the previous analysis, crude oil is on the path upward to target the gap level around $40.00. Traders will wait until crude oil reach the level and consider short positions when there is major bearish pattern formed. At the current time, it is time to wait and see.

Today critical level to watch:

Support: $33.00,$30.00

Resistance:  $40.00