Gold consolidation between $1,780 – $1,800

On Monday’s trading session, gold prices could notch gain and closed near $1,800 resistance level. However, the price pushed lower yesterday as uncertainties kick into the market after Janet Yellen mentioned an imminent interest-rate increase.

We think gold prices could continue its bullish movement and break out above $1,800 soon.

Today critical levels to watch:

Support: $1,780, $1,750, $1,700, $1,680

Resistance: $1,800

Silver slight bearish setback

Silver bullish continuation secured after the bounce from $26.00 support level. Yesterday, there is a bearish movement to retest the $26.00 handle. As long as there is no close below $26.00 again, the silver price is expected to continue its bullish trend and target $31.50 in the long term.

Today Critical levels to watch:

Support: $26.00, $25.00, $21.35, $20.00

Resistance: $27.00, $30.00, $31.50

Crude oil breakout above $65.00

A breakout and close above the $65.00 resistance level happened yesterday. Crude oil is moving as expected and will target the $70.00 resistance level next. The same strategy, for now, continue to hold long positions until the price makes a major bearish reversal followed by a lower low.

Today critical level to watch:

Support: $65.00, $60.00, $57.60, $55.80, $54.50

Resistance: $67.20, $70.00