Gold set for a bullish move

A close above $1,500 is the bullish confirmation needed by bull traders. Gold has not moved much from its opening level yet. The precious metal will wait for trigger to continue its upward movement. If the price move lower and reach $1,500 then traders could consider long positions.

Today critical levels to watch:

Support: $1,500, $1,480, $1,450, $1,430

Resistance: $1,550

Silver closed at the middle of $17.73 – $18.50

Silver bullish movement confirmed after the bounce from $17.73 support level. The price expected to continue its upward movement this week and reach $18.50 resistance. At the current time, traders will hold long positions with a stop below $17.50.

Today Critical levels to watch:

Support: $17.73, $17.50, $17.00

Resistance: $18.00, $18.50

Crude oil bounced from $54.50

Crude oil is at risk of further bearish pressure. However, the price bounced from $54.50 and the top of the channel before the end of the previous week. Crude oil closed above $55.80 at the end of the week and canceled the bearish outlook. The price expected to continue its upward movement and target $57.60. Traders could use the retest of $55.80 moment to look for long positions.

Today critical level to watch:

Support: $55.80, $54.50, $52.40

Resistance: $57.60