Gold turned lower below $1,200

Gold has been in bullish sentiment after the precious metal stage comeback above $1,200. However, the bull could not maintain the level above $1,200 by the end of week and close below it. Currently, the bull making another attempt to close above $1,200. We have no clue yet where the price will close, it could either rejected from $1,200 or close above it.

If traders want to take a position then the short position is a better choice as it aligns with the major trend.

Today critical level to watch:

Support: $1,189.20, $1,160

Resistance: $1,200, $1,210, $1,220

Silver no breakout

The price of silver pushed lower by the bear after it reaches the top of the yellow box. Fortunately, there is no breakout below $14.00 and it prolongs the ranging movement inside the box. This week, the bull started by bouncing the price from $14.00 support. Overall, there is no direction yet and we favor range trading this week.

Today critical level to watch:

Support: $14.00

Resistance: $14.40, $15.00

Crude oil more triangle trade

Crude oil playing inside the triangle range shown on the daily chart and there is no change in the projection yet. The price currently bounced from the red trendline and heading to $70.00 resistance. There is a chance the price could extend gain toward previous week high at $71.25 but we think crude oil price will settle inside the triangle by the end of the week.

Today critical level to watch:

Support: $67.20, $65.78, $65.00

Resistance: $70.00, $72.50