Daily Oil, Gold, Silver Technical Analysis May 30, 2019

Gold unable to close above $1,280

Free $100 Forex No-Deposit Bonus

Daily Oil, Gold, Silver Technical Analysis May 30, 2019

Gold might be in trouble after the price failed to close above $1,280 even though it maintains the level above it for the whole day. Currently, the bear attempting to push the price lower inside the bearish channel. A strong bearish movement at the current level will trigger selling toward $1,260 – $1,265.

Today critical levels to watch:

Support: $1,265, $1,260

Resistance: $1,280, $1,300, $1,320, $1,325

Silver second day close below $14.40

Daily Oil, Gold, Silver Technical Analysis May 30, 2019

The bullish attempt to bring silver up above $14.40 failed but there is no strong bearish reaction yet. The precious metal making another attempt today and the price stick near the level. Will silver manage to return above $14.40 and resume its upward correction toward the top of the channel? Alternatively, will it continue the bearish movement from $14.40 and print fresh low?

Today Critical levels to watch:

Support: $14.00

Resistance: $14.40, $14.80, $15.00

Crude oil major bullish reversal

Daily Oil, Gold, Silver Technical Analysis May 30, 2019

A major bullish reversal candlestick formed on crude oil daily chart. It is a surprise for the bear as crude oil mostly lower for the entire session. The bullish pin bar has initial confirmation today but there is $59.50 – $60.00 resistance area to watch. As long as the price stays below the resistance area then crude oil will continue the bearish movement.

Today critical level to watch:

Support: $57.60, $55.80

Resistance: $60.00, $65.00, $67.20, $70.00

Copyright © 2019. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.