Gold to close the week at high

Gold rushing the upward movement on the last day of the week. The precious metal challenging $1,240 and vigorously traded near it. No breakout yet, but it seems gold will close the week near $1,240 and ready to climb toward $1,250 next week.

Shorting at current level might become a major success if gold closes below $1,240 by the end of the week. At the current time, it is better to wait to close of the day.

Today critical level to watch:

Support: $1,234, $1,220, $1,210, $1,200

Resistance: $1,240, $1,250

Silver comfortable inside the triangle

No major movement in silver and the price stay inside triangle pattern shown on the chart. The precious metal will continue its ranging movement and waiting for momentum movement outside of the triangle. Traders could continue trading the range with a bullish bias.

Today critical level to watch:

Support: $14.40, $14.00

Resistance: $15.00, $15.60

Crude oil traded inside previous day range

Similar to silver, there is no major price movement in crude oil yet. Even though the price currently traded upward, it has yet to move above previous day high. Nothing to expect in crude oil at the moment. The price has bearish bias and $67.09 – $67.91 will become the cap for upward movement. Traders could consider a short position near the range.

Today critical level to watch:

Support: $67.00, $66.00, $65.78, $65.00, $64.44

Resistance:  $67.91, $70.00, $71.39, $74.04