Gold resume bullish movement

Gold prices return to bullish track with moderate bullish movement. No major bearish correction yet as the price might resume the movement toward $3,835 target. If the price turn lower again, then the $3,500 level is the support level to watch. Under current situation, it is better to wait for bearish correction to add more long positions at a lower level.

Today’s critical levels to watch:

Support: $3,500, $3,400

Resistance: $3,650, $3,835

Silver resume bullish movement

Silver prices bounce upward strongly and looks ready to print a new higher swing high. The price has $44.357 as upward target. On the lower side, $39.50 – $40.00 will continue stay as the major support level when a bearish correction happens. Traders who has long positions will place stop order below $41.1 or $40.37.

Today’s critical levels to watch:

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

Resistance: $44.357

Crude oil bearish continuation

Crude oil prices could not print new higher swing high on the chart, and we see another bearish rejection. The price looks will resume the bearish trend to target the $60.00 level. As the bearish structure still intact, it is better to lean to the bearish view for now. On the upside, $65.00 is the new resistance level to break for bullish reversal.

Today’s critical level to watch:

Support: $60.00, $52.4

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