Gold closed above $1,280 looking to add gain

Gold climbs above $1,280 at the beginning of the week and maintains the level above it as the U.S – China trade war takes a turn to worse. Following the situation, gold should get more boost and continue higher but it will be hard to predict as President Trump set the deadline for tariffs on Friday.

Technically, traders could hold long positions with top of the channel as a target. Short positions will become available when the price return below $1,280 and the trendline.

Today critical levels to watch:

Support: $1,280, $1,265, $1,260

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

Silver maintains the close above $14.80

The bearish pressure at the beginning of the week sent silver lower below $14.80. But, the bull manages to make a bounce from the trendline and returned silver back above $14.80. Currently, the price might continue traded between $14.80 – $15.00 until breakout happen.

Today Critical levels to watch:

Support: $14.80, $14.40

Resistance: $15.00, $15.20

Crude oil bounced from $60.00

Crude oil completed its downward movement toward $60.00 support level and bounced from the level near the support. We have a bullish pin bar pattern and crude oil should turn bullish when the price surpasses the candlestick high and close above it.

Traders could look for long positions at the current level or when the price makes another test on $60.00.

Today critical level to watch:

Support: $60.00, $57.60, $55.80

Resistance: $65.00, $67.20, $70.00