Gold, rejection or profit-taking reaction?

Gold upward movement reversed in the previous day trading session before it reached $1,325 resistance. The bearish reaction ended the day with a bearish pin bar pattern. It is a reversal pattern which if confirmed will trigger sharp selling in price.

Today, there is not much movement yet in the precious metal. Will gold continue moving upward or resume bearish trend?

Today critical levels to watch:

Support: $1,300, $1,280

Resistance: $1,320, $1,325

Silver more upward attempt

Silver reached $15.60 resistance in the previous day and rejected from it. The bull has not given up yet and attempts to bring the price higher today. If silver could maintain its bullish momentum then we could expect breakout soon. Currently, the precious metal still trapped inside $15.20 –  $15.60 range.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil pause at $60.00?

Crude oil reached the checkpoint and completed its upward target at $60.00. It might continue the uptrend above $60.00 but traders might want to wait until bearish correction happen to enter long positions. $57.60 is the level to watch when bearish correction happen.

Today critical level to watch:

Support: $57.60, $55.80

Resistance: $60.00, $65.00