Gold bounced from $1,700

The bullish trend of gold seems will continue after the bounce from $1,700 support level. Yesterday, the price made a higher close above the bullish pin bar pattern. If the bull could maintain further bullish pressure by the end of the week then gold expected to start moving higher again next week.

Today critical levels to watch:

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

Resistance: $1,750, $1780

Silver more consolidation inside $17.00 – $17.50

No breakout of $17.00 – $17.50 area yet, silver continues its consolidation inside the range. At the current time, traders will continue observing the price movement inside the range while waiting for a breakout. We think bullish breakout has higher odds to happen.

Today Critical levels to watch:

Support: $17.00, $16.80, $16.50

Resistance: $17.50, $17.73

Crude oil hanging near $33.00

This week, crude oil movement mostly stick near the $33.00 handle without major development yet. The overall trend is bullish with $40.00 gap level as the target. Traders who have long positions will continue to hold the positions while waiting for further price reaction near $33.00.

Today critical level to watch:

Support: $33.00,$30.00

Resistance:  $40.00