Gold stay near 127.2%

Gold prices mostly sideways near the 127.2% Fibonacci Extension target. The price maintain the bullish pressure for now and there is no sign of bearish correction. It seems the price might immediately continue the bullish movement to target 161.8% extension level next. If a bearish correction happens, then the $3,500 level is the major support level to watch.

Today’s critical levels to watch:

Support: $3,500, $3,400

Resistance: $3,650, $3,835

Silver bullish continuation

After stalling for a few days near the 127.2% Fibonacci extension level, silver prices breakout and continue the upward movement. It seems the price will target the $44.357 extension level next. Traders who has long positions will continue to hold the positions with stop below $40.375 or $40.00. Or traders could trail the stop based on the latest swing low.

Today’s critical levels to watch:

Support: $41.632, $40.00, $38.80, $35.25

Resistance: $44.357

Crude oil bearish continuation

Another bearish rejection happened in crude oil prices, it fell after retesting the green box area. However, the bearish pressure losing momentum and the price is trading above the opening level today. If the bearish movement could continue, then the $60.00 level is the bearish target to watch.

Today’s critical level to watch:

Support: $60.00, $52.4

Resistance: $65.00, $67.20, $70.00, $77.13