Gold more sideways situation

Gold prices is hovering near support level and waiting for catalyst to continue the bullish movement. No strong reaction for now, and the price might continue trading sideways. Traders will use the chance to add long positions. If the price turn lower again, then the green box area is the place to look for long positions.

Today’s critical levels to watch:

Support: $3,350, $3,250, $3,200, $3,150

Resistance: $3,400, $3,500

Silver mostly sideways

The bullish trend of silver prices is expected to continue and target $38.34 also $40.00. However, there is no bullish continuation sign for now and the price might continue trading sideways near the current level. If the price retraced lower, then the $35.25 will act as support level where traders enter long positions.

Today’s Critical levels to watch:

Support: $35.25

Resistance: $38.34, $40.00

Crude oil sharp bearish reaction

It seems the bear take control of crude oil prices movement and push the price lower from $77.13. The price almost reached the green box area or the $65.00 level. Under the current situation, traders will observe the price reaction near the green box area. It seems the conflict in Middle-East might start to cool and put more pressure on the crude oil prices for now.

Today’s critical level to watch:

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

Resistance: $70.00, $77.13