Gold under pressure might close below the trendline

Gold uptrend is under threat as the price fell sharply from $1,300 resistance. Currently, the precious metal is testing the support trendline and waiting for a bullish reaction. Without any bullish reaction and a close above the trendline then gold might continue lower to test $1,280 in the coming week.

A breakout below $1,280 will cancel the current bullish outlook.

Today critical levels to watch:

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

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

Silver fresh low

A fresh low printed on the silver daily chart and confirmed the bearish trend continuation. The price almost reaches $14.40 support and will test it soon. If breakout below the support level happens then we will see silver fell to $14.00 long-term support.

Today Critical levels to watch:

Support: $14.40, $14.00

Resistance: $14.80, $15.00, $15.20

Crude oil targeting $65.00

The bounce from the level near $60.00 bring crude oil price higher and we have three consecutive bullish closes. The price seems will continue upward under heightened tension between U.S and Iran. President Trump said he does not want war with Iran.

Crude oil expected to reach $65.00 and retest it soon.

Today critical level to watch:

Support: $60.00, $57.60, $55.80

Resistance: $65.00, $67.20, $70.00