Gold stick near $1,325

No strong reaction from $1,325 resistance yet. Gold closed lower in the previous day but not far from the resistance. It might continue the upward movement and make another test on $1,325. However, if a bearish correction continues then it is possible for gold to start correction toward $1,300.

At the current time, traders might want to wait for the reaction from $1,325.

Today critical levels to watch:

Support: $1,300, $1,280

Resistance: $1,320, $1,325

Silver hovering at the middle of $15.20 – $15.60

Silver closed at the middle of $15.20 – $15.60 range which mean the consolidation will continue. Even though the precious metal slowly switches to bullish sentiment, it has not surpassed the 1st March candlestick. Current movement contained inside the candlestick range which tells us, the bull has a hard time to cancel the candlestick.

Today Critical levels to watch:

Support: $15.20, $15.00, $14.40

Resistance: $15.60, $16.00

Crude oil testing $60.00

No bearish correction yet, crude oil advance higher in the previous trading day. It is challenging $60.00 resistance today and might breakout above it. If breakout happens then the upper trendline will become the target. At the current time, a short position favored but need a bearish confirmation before placing the position.

Today critical level to watch:

Support: $57.60, $55.80

Resistance: $60.00, $65.00