Gold bullish blowup

Gold prices is unstoppable, it has reached the Fibonacci Extension level at $3,030 and might resume the bullish movement to target $3,108 level next. If the price start a bearish correction, then traders could use the $2,955 – $3,000 area as place to look for long positions. Volatility continue to stay at high level as President Trump announce tariff. Under current situation, it is better to avoid shorting gold prices as it could go parabolic before turn sideways.

Today’s critical levels to watch:

Support: $2,981, $2,900, $2,800

Resistance: $3,000

Silver on the path toward $35.25

Silver prices is on bullish track, copying gold price’s movement. It is on the path to target the $35.25 resistance level. If the price experience bearish correction, then traders could wait near $33.00 for bullish reactions to enter long positions.

Today’s Critical levels to watch:

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

Resistance: $35.25

Crude oil resume bearish movement

Crude oil prices attempting to move upward today but the price experience bearish rejection. It is now trading below the opening level and $67.20 level. If there is bearish continuation tomorrow, then the price could extend the downward movement to retest $65.00 level. On the upside, $70.00 is the bullish target to watch when the price manages to bounce higher.

Today’s critical level to watch:

Support: $65.00

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