Gold time for the bull?

Gold bounce from the blue trendline shows no sign of slowing down even though it is near $1,300. The precious metal closed the previous week in positive with an optimistic close above $1,300. Under current momentum, it looks like gold might continue moving upward in this week. The key for this week upward movement is “Not to move back below $1,300”.

As long as gold could stay above $1,300 and print higher high above $1,313.22, it will continue to test this year high.

Today critical level to watch:

Support: $1,300, $1,280, $1,258, $1,250

Resistance: $1,313.22, $1337, $1,390

Silver bull unstoppable

The upward momentum also experienced in silver prices as it blasted above $17.20 and closed at $17.37. The price looks ready to advance toward $17.50 – $17.73 resistance. Will the bull maintain bullish momentum and break higher toward $18.50?

Today critical level to watch:

Support: $17.20, $17.00, $16.80, $16.50, $16.00

Resistance: $17.50, $17.73

Crude oil on the path higher

Crude oil prices did not take a long time below $50.00 and closed back above it to regain its bullish momentum. This week, the bull might push the price higher toward $52.40 before any profit taking. If crude oil could break the resistance, it will open a path toward $54.50.

Today critical level to watch:

Support: $51.20, $51.00, $50.00

Resistance: $52.40, $54.50