Gold bull unstoppable

The bullish run in gold continues for the sixth day. No stop yet for the bull and the price has reached $1,430 resistance today. If the bull could close the price above the resistance then we will see gold continue upward to $1,450 and $1,500.

Traders might want to avoid short positions for now and enter long positions on retracement only.

Today critical levels to watch:

Support: $1,400, $1,390, $1,380

Resistance: $1,430, $1,450, $1,500

Silver maintaining bullish pressure

No bearish correction yet in silver prices, the bull reverse the selling pressure and closed the day on the bullish side yesterday. However, in today trading session, there is not much movement yet from the opening level. If silver continues upward then we could expect silver to reach $15.60.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.80

Resistance: $15.60

Crude oil stick near $57.60

Crude oil stuck at $57.60 resistance after the previous rally. The price continues to stick near the resistance level without any clue in the next direction. However, as long as the conflict between U.S and Iran persist then crude oil has more room upside. We still target $60.00 for a medium-term time frame.

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60