Gold challenging channel and $1,500

Gold has not moved away from $1,480 – $1,500 range this week. The precious metal trapped inside the range and might continue moving inside it until the end of the week. Today, there is bullish pressure toward the resistance and gold currently testing $1,500. Will the precious metal breakout higher before the end of the week?

Today critical levels to watch:

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

Resistance: $1,500, $1,550

Silver stay inside $17.50 – $17.73

Silver breakout above the trendline but the precious metal continues traded between $17.50 – $17.73. No indication of break outside of the range yet. Currently, the price is testing $17.73 resistance. Will silver breakout above the resistance?

Today Critical levels to watch:

Support: $17.50, $17.00, $16.80

Resistance: $17.73

Crude oil launched above $55.80

Crude oil jumped above the bearish channel and closed above $55.80. It is a strong bullish indication and opens the bullish scenario. At the current time, $55.80 will become support level and crude oil might continue upward to test $57.60 and $60.00 resistance. Traders could look for long positions near $54.50 and $55.80.

Today critical level to watch:

Support: $55.80, $54.50, $52.40

Resistance: $57.60, $59.50, $60.00