Gold continuing upward

The bounce from the trend line gaining bullish momentum, and it looks like gold prices is set to continue the bullish trend. As mentioned before, on the upside, the price has potential to target a new record high. Meanwhile, if the price start another bearish correction, then traders could use the green box area as place to enter long positions.

Today’s critical levels to watch:

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

Resistance: $3,350, $3,400, $3,500

Silver bullish recovery

It is not the time to take short positions in silver prices yet. The price might turn lower like today, but a bullish reversal happen and currently the price is trading above the opening level. Silver prices is expected to continue the upward movement to target $38.35 and $40.00 next. We could see, the price reacting bullishly, just before it could reach the $35.25 broken resistance level.

Today’s Critical levels to watch:

Support: $35.25

Resistance: $38.34, $40.00

Crude oil bullish continuation

Crude oil prices has broken above $65.00 and continue the upward movement. It is not far from the $70.00 level and looks to weaken today. But, if there is no change to the bullish situation, then the price will test the $70.00 level soon. On the upside, a new higher swing high will further confirm the shift to bullish trend. On the lower side, $65.00 is the support level to watch for bounce when a bearish correction happens.

Today’s critical level to watch:

Support: $67.20, $65.00, $60.00, $52.4

Resistance: $70.00, $77.13