Gold might move lower

The positive development between U.S and China on trade war means weak tension and less fear. Gold might start moving lower under the current situation. The precious metal currently hangs near $1,500 handle and near the top of the channel. If it starts to move lower then we could expect it target the bottom of the channel.

Today critical levels to watch:

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

Resistance: $1,500, $1,550

Silver stick near $17.50 – $17.73

No strong bearish confirmation in the silver prices yet. The price traded at $17.50 – $17.73 area and waiting for a clue in the next direction. We expect the price will get rejected from the resistance and move lower to $16.00 – $16.50 in the medium-term.

Today Critical levels to watch:

Support: $17.50, $17.00, $16.80

Resistance: $17.73

Crude oil time to move lower?

Crude oil movement projected to move inside the bearish channel. There is a bearish reaction from $54.50 and near the top of the channel. Will crude oil start to move lower and target the bottom of the channel?

Today critical level to watch:

Support: $52.40

Resistance: $54.50, $55.80, $57.60