Gold more close inside $1,480 – $1,500 range

No breakout of $1,480 – $1,500 area and gold prices continue to make closes inside the range. At the current time, the bull trying to bring the gold higher and has surpassed $1,500 handle. If the price turns lower before the end of the day and closes inside the range again then next week we should see the continuation of the sideways trend.

Today critical levels to watch:

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

Resistance: $1,500, $1,550

Silver continues consolidation

No momentum movement seen in Silver prices. The price closes near $17.73 and might continue traded near the level. Although the overall trend is bullish, traders need a bounce confirmation before the trend could continue bullish. At the current time, traders could enter small size long positions with a stop below the previous week low.

If a breakout below $17.50 happens then silver might continue its downward movement toward $17.00.

Today Critical levels to watch:

Support: $17.73, $17.50, $17.00, $16.80

Resistance: $18.00, $18.50

Crude oil consolidate between $57.60 – $60.00

Crude oil experienced major upside this week after the drone attack on Saudi Arabia oil production facilities. The attack drove crude oil prices above $60.00. But, the bullish pressure subsides immediately after the kingdom announces the restoration of production capacities. Currently, crude oil traded between $57.60 – $60.00 and expected to continue its ranging movement.

Today critical level to watch:

Support: $57.60

Resistance: $60.00, $65.00