Gold no strong bullish sign

Gold prices continue under bearish pressure as it approach the bottom of green box area or the Fibonacci Retracement levels. $3,163 coincide with broken swing high, where it will become a major support level to watch. If gold prices stall near the level and produce strong bullish reactions, then traders could enter long positions targeting a new record high. On the other hand, if the level broken, then gold prices might attempt to target the swing low around $3,000.

Today’s critical levels to watch:

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

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

Silver sideways

The movement of silver prices turned sideways between the $31.50 – $33.00 area. Global market situation improving on tariff war, which put pressure on the precious metals. Under the current situation, it might be better to wait until silver prices moved out of the consolidation range. On the upside, $35.25 is the target to watch. Meanwhile, breakout below $31.50 might put the price under bearish pressure to target $29.00 – $30.00.

Today’s Critical levels to watch:

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

Resistance: $33.00, $35.25

Crude oil testing resistance

Crude oil prices could not print new lower swing low in the previous bearish attempt. The price make a bullish recovery and almost reach the $65.00 level. If the price breakout higher and close above $65.00 then the trend will turn bullish again. However, if the price come under bearish pressure again and print a new lower swing low, then the bearish trend will continue.

Today’s critical level to watch:

Support: $60.00, $52.4

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