Gold limited below $1,300

The upward movement of gold has reached $1,300 and currently testing the resistance. No strong upward momentum yet near the level. On the other hand, no strong rejection from the resistance level. At the current time, gold still waiting for triggers and it is better to wait sideline or continue hold long positions if taken near $1,280.

If gold could close above $1,300 then gold will set sight to $1,325.

oToday critical levels to watch:

Support: $1,280

Resistance: $1,300, $1,320, $1,325

Silver Headed higher from $15.20

In the previous day, silver traded lower and tested support $15.20. The bull manages to bring the precious metal up at the current time, above previous week high. Silver expected to continue its upward movement toward $15.60 resistance.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil bounced from $55.80 support

The movement of crude oil pointed higher after the fake breakout below $55.80. It is getting near $57.60 resistance as expected. If the trend will continue sideways then crude oil will continue its ranging movement inside $55.80 – $57.60. Traders could continue to trade the range at the current time.

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60