Gold getting near target

The bullish movement of gold prices continue again as core PCE data show higher than expected number. It means the Fed might not cut interest-rate earlier, and it bring more uncertainties as President Trump keep pressing for the Fed to cut interest-rate. Gold prices keep it shine and will continue the upward movement to target $3,100.

Today’s critical levels to watch:

Support: $3,000, $2,981, $2,900, $2,800

Resistance: $3,100

Silver slight weakness

Silver prices are expected to continue the bullish movement to target the $35.25 resistance level. However, the price move in different direction compared to gold prices today. A bearish correction might happen and bring the price down to print a new higher swing low. Traders will make use of the current bearish movement as a chance to add more long positions at a lower level.

Today’s Critical levels to watch:

Support: $33.00, $32.50, $31.50

Resistance: $35.25

Crude oil rejection from $70.00

Crude oil prices has reached the $70.00 level and stick near it this week. There is a bearish reaction today, which might confirm a bearish movement to target the $67.20 and $65.00 level. If the bearish movement confirmed by new lower low, then traders could open short positions targeting $67.20 and $65.00.

Today’s critical level to watch:

Support: $65.00

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