Gold continue consolidation

The sideway movement of gold expected to continue until the close of the trading week. We could see the price continue to stick inside the $1,700 – $1,750 area for now. The trend is bullish which suggest the precious metal will have higher odds to make bullish breakout.

Traders could continue using $1,680 – $1,700 area as place to take long positions.

Today critical levels to watch:

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

Resistance: $1,750, $1780

Silver stick near $17.50 – $17.73 area

Silver prices continue to stick near $17.50 – $17.73 area. The price could not climb above the area and might close the week below it. At the current time, traders will continue waiting for the price reaction near the $17.50 – $17.73 area. Same as previous analysis, as long as there is no close below $16.80, silver still has a chance to continue its bullish movement.

Today Critical levels to watch:

Support: $17.00, $16.80

Resistance: $17.50, $17.73, $18.00, $18.50

Crude oil higher high

Crude oil make higher high in today trading session and set to target the price gap level. Traders who has long positions could continue hold the positions for now. Meanwhile, short positions could be considered when the price reverse its direction and closed with major bearish pattern.

Today critical level to watch:

Support: $33.00, $30.00

Resistance:  $40.00