Gold stays above $1,220

The price of gold stays higher above the broken resistance $1,220 and the red trendline. There is an opportunity for the bull to bring the precious metal higher. However, no strong bullish momentum happen yet which suggest traders stay sideline. Brexit and OPEC might become the catalyst for the next major movement in gold this week.

Today critical level to watch:

Support: $1,220, $1,210, $1,200

Resistance: $1,234, $1,240, $1,250

Silver testing $14.40

Silver upward momentum slowed near $14.40 and looks will reverse today. There is not much movement yet and the test on resistance $14.40 is under progress. Silver could move either way upside or downside from the current level.

Today critical level to watch:

Support: $14.00,

Resistance: $14.40, $15.00, $15.60

Crude oil waiting for OPEC result

OPEC kickoff meeting on the energy market and reviewing the joint production agreement. The future of crude oil prices will depend on the meeting result. Traders will wait for the meeting result by the end of the day which is closed to the press. The overall trend is bearish and we will need a major change in the agreement to move crude oil prices upside.

Today critical level to watch:

Support: $55.00, $54.50

Resistance: $57.60, $60.00, $61.79, $63.00