Gold crossed below $1,500

Gold breakout below $1,500 and under risk of further bearish pressure. At the current time, the bull trying to bring the price upward, back above $1,500 handle. No conclusion yet on the next direction of gold. Traders will continue to observe the precious metal reaction at $1,500 while waiting for an announcement on U.S-China trade talks.

Today critical levels to watch:

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

Resistance: $1,500, $1,550

Silver slip below $17.50

Silver is under pressure and closed below $17.50 yesterday. The precious metal seems to signal a new bearish leg. However, the bearish close is inside Friday candlestick range which means not a significant bearish close. Silver might continue to stick near $17.50 for now.

Today Critical levels to watch:

Support: $17.00, $16.80, $16.50

Resistance: $17.50, $17.73

Crude oil closed the day near the opening level

Even though crude oil manages to climb above Friday candlestick high and almost reach $54.50 resistance, the price immediately retreats and close near its opening level. Crude oil provides traders with a bearish candlestick. If the candlestick broken downside then we might see a lower movement below $52.40 support level.

Today critical level to watch:

Support: $52.40

Resistance: $54.50, $55.80, $57.60