Gold slow grind upside
Gold mildly higher above the opening level but stay below previous day high. The precious metal is on a wait and sees mode waiting for Brexit news and The Fed interest-rate. Brexit decision will create sudden movement in gold. Overall, we expect the precious metal to continue moving upside with $1,250 as the target.
Today critical level to watch:
Support: $1,220, $1,210, $1,200
Resistance: $1,234, $1,240, $1,250
Silver stay above $14.40
Silver rest near $14.40 after a close above it yesterday. There is little volatility to determine the precious metal next movement. Traders will wait for movement trigger in silver for now.
Today critical level to watch:
Support: $14.40, $14.00,
Resistance: $15.00, $15.60
Crude oil no bullish indication
Crude oil drifted lower each day and the bull absolutely in trouble as the price could not print higher high. Recent sell-off from $57.60 resistance brought the price to close below $54.50. Without any close above $54.50 by the end of the week means crude oil still has more room downside.
Today critical level to watch:
Support: $54.50
Resistance: $55.00, $57.60, $60.00




