Gold aiming for $1,900

The retest on the $1,850 level produced a neutral candlestick close with a long wick. Gold extended its bullish close but remain inside the retest candlestick range. At the current time, the bull will attempt to build more bullish pressure and reach the $1,900 target.

Traders will continue to hold long positions and wait for a correction to add more long positions.

Today critical levels to watch:

Support: $1,850, $1,800, $1,780

Resistance: $1,900, $2,000

Silver harami pattern

Harami pattern is a neutral or indecision pattern which means the price is waiting for a trigger for the next movement. We think the pattern will break to the upside and silver will continue its bullish trend. Traders will continue to avoid short positions for now.

Today Critical levels to watch:

Support: $27.00, $26.00, $25.00, $21.35, $20.00

Resistance: $30.00, $31.50

Crude oil bearish close below the yellow box area

The price of crude oil made a bearish close below the yellow box area. It could mean the price will continue moving lower in a bearish correction toward $60.00. However, if crude oil prices could close inside the yellow box area at the end of the week then the breakout will be canceled. Traders will monitor closely the closing level of crude oil at the end of the week.

Today critical level to watch:

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

Resistance: $65.00, $67.20, $70.00