Gold stick near $4,000

The bearish reaction near $4,000 only lasted for 1 day and gold prices has turned upside again. It sticks near the $4,000 level and will close the week near it. As there is no new lower low printed on the chart, it means the bull still in control. It also means no bearish correction confirmed yet. There is chance the price will range between $3,950 – $4,050 for now.

Today’s critical levels to watch:

Support: $3,835, $3,650, $3,500, $3,400

Resistance: $4,000

Silver retest $50.00

Silver prices stay near $50.00 and maintain the bullish pressure for now. No strong bearish rejection from the level which mean there is chance of bullish breakout above the level. At the current time, the price might consolidate near $50.00 and traders will wait for bearish correction. If there is no bearish correction, then there is no chance to add long positions yet.

Today’s critical levels to watch:

Support: $47.07, $44.357

Resistance: $50.00

Crude oil fall below $60.00

The bearish rejection from the broken multiple lows has follow-through, and crude oil prices fall with strong momentum. The price is now trading below the $60.00 level and might extend the downward movement to target $57.60. As the trend is bearish, $54.50 – $55.00 is the long-term target area to watch.

Today’s critical level to watch:

Support: $60.00, $52.4

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