Gold waiting for a bullish trigger

No bullish follow-through by the bull yet in gold prices. The prices drifted lower toward the support $1,500. At the current time, traders will wait for the price to reach $1,500 support level and produce a bullish reaction. When the bullish reaction happens, traders could enter long positions.

Today critical levels to watch:

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

Resistance: $1,550

Silver hanging at the middle of $17.73 – $18.50

Silver traded sideways in the middle of $17.73 – $18.50 and it seems the price might continue trade sideways for now. Traders will wait for the price to reach either $17.73 or $18.50 before placing any positions.

Today Critical levels to watch:

Support: $17.73, $17.50, $17.00

Resistance: $18.00, $18.50

Crude oil reach the level near $57.60

Crude oil managed to climb and reached the level near $57.60 before pulled back lower. Yesterday, the price settle near the opening price. Without any breakout of $55.80 – $57.60 range, crude oil expected to continue its ranging movement inside the range. At the current time, traders will continue to apply ranging strategies.

Today critical level to watch:

Support: $55.80, $54.50, $52.40

Resistance: $57.60