Gold proceed inside channel

Gold prices continue its move inside the bullish channel but mostly attached to the top of the channel. There is news which might move the precious metal Today. The nearest news to watch is BOE bank stress test on Tuesday. Without any change in the trend, we could expect gold prices will continue its movement inside the channel.

Today critical level to watch:

Support: $1,280, $1,258, $1,250

Resistance: $1,300, $1,313.22, $1337

Silver no direction

Silver fully directionless as the price trapped inside triangle pattern. There is no change to the latest analysis and traders could continuously monitor the breakout which will happen soon.

Today critical level to watch:

Support: $16.80, $16.50, $16.00

Resistance: $17.00, $17.20, $17.50, $17.73

Crude oil waiting for OPEC

There is no stop for the bull in crude oil following another bounce from support and new higher high printed on the chart. This week, OPEC will meet and discuss extension of production cap and evaluation. The price of crude oil might spike toward $60.00 and depend on the result could either reverse or continue upward.

Best strategy for current situation is waiting for correction and buy near $57.60.

Today critical level to watch:

Support: $57.60, $56.00, $55.23, $54.50, $52.40

Resistance: $60.00, $62.50.