Gold further close inside the range

In the previous day, gold traded lower but managed to maintain the positions above the horizontal line. No breakout happened yet and the price expected to continue its ranging movement for now. Today, there is no major momentum movement happen. Traders will continue observing the precious metal movement for now.

Today critical levels to watch:

Support: $1,450, $1,430

Resistance: $1,480, $1,500, $1,550

Silver closed inside $16.80 – $17.00

Silver could not maintain the position above $17.00. The price closed inside $16.80 – $17.00 range again. At the current time, there is no clue in the next direction. The price expected to continue consolidation while waiting for a breakout.

Today Critical levels to watch:

Support: $16.80, $16.50

Resistance: $17.00, $17.50, $17.73

Crude oil maintain the position above $57.60

Crude oil managed to close above $57.60 and avoided a close below the level. It is expected to continue the upward movement toward $60.00. At the current time, the price will continue to test $57.60. Another close above the level will increase the chance crude oil will continue higher.

Today critical level to watch:

Support: $57.60, $55.80, $54.50

Resistance: $59.50, $60.00