Gold clean breakout

Gold prices breakout above the triangle pattern with strong bullish pressure. The bullish trend will continue, and gold prices will attempt to target a new record high. Traders who are holding since the $4,000 bounce could continue to hold the positions now. When gold prices printed a new higher swing high, traders could wait for retracement to add long positions.

Today’s critical levels to watch:

Support: $4,000, $3,835

Resistance: $4,200

Silver new higher swing high

Silver prices breakout and print new higher swing high. The bullish continuation confirmed and traders will continue holding long positions to target $59.40, $60.00 and $65.71. Under current situation, when there is bearish correction toward $54.43 or previously broken swing high, traders could enter long positions.

Today’s critical levels to watch:

Support: $50.00, $47.07, $44.357

Resistance: $55.00

Crude oil consolidation between $57.60 – $60.00

Crude oil prices directions is downward, but it seems the $57.60 is the support level to watch for now. The price might consolidate between $57.60 – $60.00 now and traders will wait for breakout. On the lower side, the $54.50 – $55.00 area is the target to watch. On the upside, a close above $62.00 will cancel the current bearish outlook.

Today’s critical level to watch:

Support: $57.60, $55.00, $54.50, $52.4

Resistance: $60.00, $65.00, $67.20, $70.00, $77.13