Gold fail bullish attempt?

Gold prices make a bullish attempt in today trading session but the price slowly turn lower toward yesterday’s high. If the price continue losing the bullish pressure and close near the opening level then there is chance of bearish continuation in next trading day. At the current time, traders will wait for either movement toward $1,580 – $1,600 or toward $1,680 – $1,700.

Today’s critical levels to watch:

Support: $1,600, $1,585

Resistance: $1,680, $1,700, $1,780, $1,800

Silver testing $20.00

Silver prices moved upward with strong bullish momentum and reached the $20.00 handle. The price showed a bearish reaction after the test but manage to maintain gains. No change to the trend of silver prices yet which is sideway inside the $18.50 – $20.00 area. Traders will wait for a breakout and close outside of the range to confirm the next direction.

Today’s Critical levels to watch:

Support: $18.50, $17.73

Resistance: $20.00, $21.35

Crude oil continues to range between $85.00 – $90.00

There is upward pressure in crude oil prices today which brings the price up to test the $90.00 handle. No test on the resistance level yet which mean the price might continue ranging between $85.00 – $90.00. Traders will continue waiting for a breakout and close outside of the range to confirm the next direction.

Today’s critical level to watch:

Support: $85.00, $80.00, $77.13

Resistance: $90.00, $95.25