Gold new record high

Gold bullish trend continue with the price climbing upward today to reach new record high. There is no sign of weakness yet, especially when tariff war intensified. However, the situation could change next week, when the Fed will meet and decide interest-rate. A pullback in gold prices might happen, and it might be a good chance for traders to add more long positions. On the upside, $3,000 and $3,100 are the levels to watch as target.

Today’s critical levels to watch:

Support: $2,900, $2,800

Resistance: $2,981, $3,000

Silver target $35.25

Silver prices continue the bullish movement and print a new higher swing high today. The price is on the path upward to target the $35.25 resistance level. No change to the bullish outlook of the pair, traders will continue to use each bearish correction in the price as a chance to add more long positions.

Today’s Critical levels to watch:

Support: $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil fall below $67.20 again

Crude oil prices could not continue its bullish movement to target the $70.00 level. The price come under bearish pressure today and will close below $67.20. A consolidation between $65.00 – $67.20 will continue, and traders will wait until a major breakout from the range happen to place positions.

Today’s critical level to watch:

Support: $65.00

Resistance: $67.20, $70.00, $77.13, $80.00, $83.85