Gold further bearish correction

Gold finally closed lower in the previous day and suggesting further bearish correction before continuation of the bullish trend. At the current time, traders could watch $1,390 – $1,400 as a level to look for long positions. On the upside, $1,430, $1,480 and $1,500 will become the target.

Today critical levels to watch:

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

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

Silver further test on $15.20 support level

In the previous day, silver slump below $15.20 but managed to return and closed above the level by the end of the day. Today, the bear makes another attempt below $15.20. Will the bear manage to close the price below $15.20 and trigger selling toward $15.00? Alternatively, will we see another close above $15.20 followed by bullish continuation?

Today Critical levels to watch:

Support: $15.20, $15.00, $14.80

Resistance: $15.60

Crude oil boosted by U.S-Iran conflict

The price of crude oil reached the level near $60.00 in the previous day. There is selling reaction but crude oil closed higher for the day. Today, the price still traded inside the previous day range. Will crude oil continue higher under intensifying conflict between U.S and Iran?

Today critical level to watch:

Support: $57.60, $55.80, $55.00, $54.50

Resistance: $60.00