Gold no bullish progress yet

Gold seems ready to end the Friday trading session on the negative side as the precious metal slide from $1,228 to $1,223. We might see another test on $1,220 support level. At the current time let the market lead the precious metal downside and look for a chance to add a long position near $1,210 – $1,220 with a stop below $1,200.

Today critical level to watch:

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

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

Silver resume bearish trend?

Silver leaving $14.40 support level and headed lower by the end of the week. Could it mean rejection from the resistance happen and the precious metal ready for a new bearish leg? The day has not ended yet and traders better watch where the price settles at the end of the day. A strong bearish candlestick means more selling next week.

Today critical level to watch:

Support:  $14.00,

Resistance: $14.40, $15.00, $15.60

Crude oil fresh weekly low?

There is no end to the selling pressure in crude oil yet and the price attempting to make fresh low this week. $52.40 might be reached before the close of day. At the current time, the bull might want to stay defensive and not adding long position until the pair formed a strong bullish reversal pattern.

Fundamentally, we could expect selling continue until OPEC meeting on 6th December.

Today critical level to watch:

Support: $52.40

Resistance: $54.50, $55.00, $57.60