Gold stuck at resistance

Gold bull continues pressuring $1,230 – $1,240 but no breakout result yet and the precious metal stuck near it. Today, there is another bullish attempt as U.S dollar weaken across the board. U.S citizen currently going to vote for midterm election. The result of the election will have a long-term impact on the country policies.

We might see easings in the interest-rate policies, less aggressive stimulus when democrat seizes control of the House of representative. Moreover, if democrat seizes Senate then political gridlock could happen.

At the current time, we still expect gold to continue its upward trend toward its SMA 200.

Today critical level to watch:

Support: $1,220, $1,210, $1,200

Resistance: $1,234, $1,240, $1,250

Silver progress inside the triangle

Rejection happened when silver tested the top of triangle. The price back in stalemate situation and expected to continue its ranging movement. Traders will continue waiting for sideline until actual breakout happens.

Today critical level to watch:

Support: $14.40, $14.00

Resistance: $15.00, $15.60

Crude oil riding the wave downside

The pressure continues in crude oil prices and there is no bullish close yet. Today, there is upward movement as U.S dollar weaken. Nothing to expect yet in crude oil. The price looks will continue its bearish move inside the channel.

Today critical level to watch:

Support: $63.00, $61.79, $60.00

Resistance: $65.00, $65.78, $66.00