Gold traded inside a triangle pattern

Gold managed to maintain the position above trendline on its daily chart. The precious metal looks traded inside a triangle pattern and might extend its consolidation. We think a breakout might not happen this week and traders might want to wait until next week. Under the current growing situation, gold might breakout higher and start a bullish trend next week.

Today critical levels to watch:

Support: $1,280, $1,265, $1,260

Resistance: $1,300, $1,320, $1,325

Silver closed below $14.80, looking to return above it today

Silver broke below $14.80 in the previous trading day and closed near the trendline. The price currently attempting to return above $14.80 level and it might manage to close above it by the end of today trading session. A closure above $14.80 will help the precious metal to continue its consolidation between $14.80 – $15.00.

Today Critical levels to watch:

Support: $14.80, $14.40

Resistance: $15.00, $15.20

Crude oil continues sideway, traded inside the triangle

After trading sideways since Monday bounce from $60.00, crude oil attempting to break higher today. However, the upward movement immediately sold back to its opening level. We have a triangle pattern formed on the daily chart and suggesting crude oil will continue moving sideways for now.

Wait until breakout happens to determine crude oil next direction.

Today critical level to watch:

Support: $60.00, $57.60, $55.80

Resistance: $65.00, $67.20, $70.00