Gold looking for bullish breakout chance

Gold avoided the bearish breakout below the pin bar pattern. The price currently hanging near the high and waiting for further confirmation to continue toward $1,780. Traders who have long positions could continue to hold the position with stop below the bearish pin bar pattern or $1,680 – $1,700 area.

Today critical levels to watch:

Support: $1,700, $1,680, $1,650, $1,600

Resistance: $1,750, $1780

Silver pressuring the $17.50 – $17.73 resistance area

Silver maintained its bullish pressure and currently testing the $17.50 – $17.73 resistance area. We think silver can continue its bullish movement and make a bullish breakout. If the bullish breakout happens then traders will expect silver to continue upward and target $18.50.

Today Critical levels to watch:

Support: $16.80, $16.50

Resistance: $17.50, $17.73

Crude oil continues upward and testing $33.00 resistance

No strong bearish indication in crude oil even after the price climbed above $30.00. It means crude oil could continue its upward movement and close the price gap near $40.00. At the current time, traders will continue to hold long positions while waiting for a major bearish reversal to happen.

Today critical level to watch:

Support: $30.00, $25.00, $22.00

Resistance: $33.00, $40.00