Gold time to climb above $1,300

Gold prices closed near $1,300 at the end of the previous day. Today, there is buying done by the bull which pushes the price above $1,300. If the bull could maintain the position above $1,300 then the precious metal expected to continue its upward movement toward $1,325. On the other hand, a sudden sell-off from the current level and a close below $1,300 will force gold to continue its movement between $1,280 – $1,300.

oToday critical levels to watch:

Support: $1,300, $1,280

Resistance: $1,320, $1,325

Silver continues higher above $15.20

After the bounce from the support, $15.20 the price of silver manage to extend its gain yesterday. Without any change in the sentiment, then silver expected to reach resistance $15.60 soon. On the other hand, sell-off and close below $15.20 will trigger the continuation of a bearish trend.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil touch down at $57.60 resistance

Crude oil reached the top of $55.80 – $57.60 range and show no bearish reaction yet. The price might continue to stick near the resistance, waiting for the clue in the next direction. Traders could continue trade the range until breakout happens.

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60