Gold turned lower

We have a big flag pattern on the daily chart, but the price might turn lower toward the bottom of flag before attempting to move upward. However, there is chance of bullish reversal too inside the green box area. Under the current situation, traders could take long positions near the green box area with stop order below the latest swing low. Or below the final bearish confirmation level at $3,000.

Today’s critical levels to watch:

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

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

Silver trading near $33.00

Silver prices is under bearish pressure today, but the price is trading not far from $33.00 level. At the current time, the price might consolidate near the $33.00 level and continue the bullish movement toward $35.25. On the other hand, the price could also turn lower again to retest $31.50 level. Traders will take note that the situation is sideways, with lower high and higher low.

Today’s Critical levels to watch:

Support: $33.00, $32.50, $31.50, $30.00, $29.00

Resistance: $35.25

Crude oil continue ranging

There is bullish attempt in crude oil prices today, but the price looks limited below the green box area. The overall trend is sideways for crude oil prices, and there is no strong confirmation yet. On the upside, a close above $65.00 will confirm a bullish continuation. Meanwhile, on the lower side, $54.50 – $55.00 is the major support area to watch.

Today’s critical level to watch:

Support: $60.00, $52.4

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