Gold sideways

Gold prices has continued the breakout from the flag pattern, however, it seems the price is trading sideways now. There is chance of deeper bearish correction to wipe out long positions before bullish continuation. Nevertheless, we maintain bullish outlook and suggest traders place stop order below $3,290 or $3220 with upward target of $3,647 and $3,835.

Today’s critical levels to watch:

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

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

Silver waiting for bullish continuation

Silver prices bullish trend has not changed yet, the price could continue the upward movement and traders better wait for bearish correction. On the lower side, $34.50 – $35.25 will become the area to watch for bounce reactions. On the upside, $38.34 and $40.00 is the target to watch.

Today’s Critical levels to watch:

Support: $35.25

Resistance: $38.34, $40.00

Crude oil setting up for breakout?

Crude oil prices building more bullish momentum as Israel-Iran conflict continue to escalate. If there is no change in the situation, then we will see crude oil prices breakout above $77.13 resistance level soon. If the price pullback toward $72.35, then traders could use the level as a place to enter long positions.

Today’s critical level to watch:

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

Resistance: $70.00, $77.13