Gold continue consolidation between $1,480 – $1,500

The price of gold settled inside $1,480 – $1,500 range and looks will continue the consolidation. Not much trader could do at the moment. The pair could move anywhere sharply as the trade war situation between the U.S and China keep changing radically. Aside from that, the EU and UK rushing to reach a deal to avoid hard-Brexit. Both events should continue to influence the gold movement until the end of the month.

Today critical levels to watch:

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

Resistance: $1,500, $1,550

Silver closed near the opening level

Silver avoided bearish breakdown below the previous week low. The price settled near its opening level and might start moving up toward $17.50 – $17.73 area. No clue on the next direction yet, without breakout above the trendline and $17.50 – $17.73 area then silver expected to continue its consolidation.

Today Critical levels to watch:

Support: $17.00, $16.80

Resistance: $17.50, $17.73

Crude oil maintain the position above $52.40

The price of crude oil closed above $52.40 and stage rally yesterday. However, the upward movement lost momentum and the price settle near its opening level. Under the current situation, it seems crude oil will make another test on $52.40 and continue lower if the breakout happens.

Today critical level to watch:

Support: $52.40

Resistance: $54.50, $55.80, $57.60