Gold consolidating before the next movement

Although the bear manages to bring the price breakout below the triangle pattern, it seems the bull still present and attempting to cancel the bearish momentum. There is no clear reversal yet and the bear currently pushing the price downside. Will the trend continue bearish and gold reach $1,159 in the medium long-term?

Today critical level to watch:

Support: $1,160, $1,131.18

Resistance: $1,189.20, $1,200, $1,210, $1,220

Silver defying gravity

Silver unexpectedly jumped at the end of the week and closed above $14.40. The precious metal currently traded back to previous range between $14.40 – $15.00. If the bull could sustain the price above $14.40 then the odds get higher for a bullish move toward $15.00.

Today critical level to watch:

Support: $14.40, $14.00

Resistance: $15.00

Crude oil flying to the target

Crude oil moved up as expected, on track to its target at $74.04 and $76.12. There is no change to the price projection and traders might want to avoid short position at the moment. It is a bullish movement which is supported by Technical and fundamental. However, the long position at the current level is buying to the resistance which is not suggested.

Today critical level to watch:

Support: $72.50, $70.00

Resistance:  $74.80, $75.00, $76.12