Gold waiting for a further clue

No bounce from the $1,586.15 support level but no breakout too below it. Gold prices continue its consolidation near the support level and waiting for a trigger for the next movement. At the current time, there is bullish pressure, but gold prices have not left the previous day range. If gold could close above the previous day high then it might continue the long-term bullish trend.

On the other hand, if a close below $1,586.15 happen then gold might target $1,550

Today critical levels to watch:

Support: $1,600, $1,586.15, $1,550

Resistance: $1,625, $1,650, $1,700

Silver consolidate inside $16.50 – $17.00

The selling in silver prices stopped yesterday and silver settled inside $16.50 – $17.00 range. Today, the price continues its movement inside the range and stick near $16.80. No clue on the next direction yet, traders will wait for a breakout from the range to happen.

Today Critical levels to watch:

Support: $16.50

Resistance: $17.00, $17.50, $17.73

Crude oil limited below $49.00

Crude oil managed to print a first bullish close yesterday since the rejection from $54.50. The price attempted to continue its upward movement today but there is an initial rejection sign near $49.00. If crude oil closes significantly bearish today, inside the previous day range then traders will expect further bearish continuation.

Today critical level to watch:

Support: $45.00, $42.00, $40.00

Resistance: $50.00, $52.40