Gold slight bullish correction

The bearish pressure on the gold prices stopped today and it moves slightly higher today. Today movement incited by uncertainties in U.S-China trade negotiation after President Trump called China “Cheater”. Gold prices might continue upward at the moment until we have further update on the trade war situation.

Today critical levels to watch:

Support: $1,450, $1,430

Resistance: $1,480, $1,500, $1,550

Silver bounced from $16.80

The floor $16.80 holding up against bearish pressure and silver started its upward movement today. We expect the price to continue upward and start a new bullish trend. A close above $17.00 is the confirmation we need for further bullish movement.

Today Critical levels to watch:

Support: $16.80, $16.50

Resistance: $17.00, $17.50, $17.73

Crude oil not leaving $55.80 – $57.60 yet

Similar to the previous day analysis, crude oil made another close inside $55.80 – $57.60 range. The price currently moves lower and will target the bottom of the range. Depend on the development of the U.S-China trade negotiation, crude oil could breakdown below $55.80 if the situation turns worse.

Today critical level to watch:

Support: $55.80, $54.50, $52.40

Resistance: $57.60