Gold climb toward the top of the channel

Gold add further gains since the beginning of the week and getting closer to the top of the channel. Today, the price hitting the previous day high and currently testing it. There is trade talk in Washington between U.S and China today. Development of the trade war situation might play a major role in the gold movement for the rest of the week.

Today critical levels to watch:

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

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

Silver waiting for a trigger

Silver pushed lower and tested $14.80 support level in the previous trading day. The price bounced from the support level once again and we might see the precious metal continue its ranging movement between $14.80 and $15.00. The key for breakout might be the result of U.S-China trade talk this week.

Today Critical levels to watch:

Support: $14.80, $14.40

Resistance: $15.00, $15.20

Crude oil no bullish follow-up

Although the price has bounced from $60.00, there is no follow-through by the bull yesterday. Crude oil closed inside previous day candlestick range and no upward attempt yet. The price expected to consolidate and waiting for an upward trigger. It is still possible for the price to continue lower and make another test on $60.00.

Today critical level to watch:

Support: $60.00, $57.60, $55.80

Resistance: $65.00, $67.20, $70.00