Gold temporary support

The weakness of gold prices is expected to continue to target the lower part of the green box area. The price might consolidate inside the area for now, but overall direction is bearish for short-term. If the price could be bottoming out and show bullish reactions, then traders will expect continuation of bullish trend to target a new higher swing high.

Today’s critical levels to watch:

Support: $3,250, $3,200, $3,150

Resistance: $3,350, $3,400, $3,500

Silver continue lower

Silver prices could not reverse the bearish pressure and the price looks to continue moving lower. If there is no change to the situation, then the silver prices will test the $31.50 support level next week. Traders will monitor the price reactions near $31.50 and the lower support level $30.00. When there is bullish reactions, traders could consider entering long positions. The price need to print new higher swing high to confirm the continuation of bullish trend.

Today’s Critical levels to watch:

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

Resistance: $33.00, $35.25

Crude oil still bearish

The upward movement of crude oil prices experience rejection near the $60.00 level today. The price might close the day negative and continue the bearish movement next week. On the lower side, the price will target the previous swing low and $52.40 level. On the upside, when the prices could climb and close above $65.00, the trend will turn bullish.

Today’s critical level to watch:

Support: $60.00, $52.4

Resistance: $65.00, $67.20, $70.00, $77.13