Gold reach $4,000

The price reached the $4,000 handle in some brokers, which is the psychological level to watch. As U.S. government extended the shutdown for a second week, we might see more bullish pressure in gold prices. No major bearish reaction, which mean traders better avoid shorting. When there is bearish correction, traders could use it as a chance to add long positions.

Today’s critical levels to watch:

Support: $3,650, $3,500, $3,400

Resistance: $3,835

Silver bearish reaction

The price undergo a bearish pressure today and fall below previous day’s low. If the price started a bearish correction, then the level between $43.00 – $44.30 might become the area to watch as target. On the upside, $50.00 is the bullish target to watch. We expect the bullish situation continue, especially when gold prices continue to climb.

Today’s critical levels to watch:

Support: $44.357, $41.632, $40.00

Resistance: $47.07

Crude oil failed bearish attempt

Crude oil prices fell with strong momentum initially, however, the price recover and currently trading above the opening level. The price might resume the upward movement while testing the previously broken multiple lows. On the upside, the green box area will continue to become the major resistance area to watch.

Today’s critical level to watch:

Support: $60.00, $52.4

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