Daily Oil, Gold, Silver Technical Analysis November 22, 2018

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.

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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

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