Gold continue upward

Gold is on the bull run toward the 161.8% Fibonacci Extension level. There is no weakness sign which suggest the target will be reached soon. Traders who has long positions will continue to hold it or start trimming positions near the target. The bullish run could continue, especially when the Fed planned more rate-cut before the end of the year. When there is bearish correction, traders could use it as a chance to add long positions when the price bottoming out.

Today’s critical levels to watch:

Support: $3,500, $3,400

Resistance: $3,650, $3,835

Silver target completed

Silver prices has completed all of our target and there is no sign of weakness. It could continue upward to continue the bullish trend, and it might be best to take partial profit and let the rest run until bullish structure broken. $42.90 – $43.00 might become the area to wait for higher swing low formation.

Today’s critical levels to watch:

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

Resistance: $44.357

Crude oil strong bullish move

Crude oil prices attempting to recover and currently trading near the green box area. It seems the bull will make another attempt on the $65.00 level. The situation has not changed yet, on the upside, a close above $67.20 will become the confirmation that the trend has changed. Without change in the situation, the price might continue lower to target $60.00.

Today’s critical level to watch:

Support: $60.00, $52.4

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