Gold slight weakness

The rally in U.S. dollar index brought most major pairs down. The bearish situation also experienced by gold prices. If gold prices started a bearish correction, then $3,500 might become the bearish target to watch. Traders will wait near the level for bullish reaction to enter long positions.

Today’s critical levels to watch:

Support: $3,500, $3,400

Resistance: $3,650, $3,835

Silver stall near target

The bullish target has been reached and there is no swing high printed yet. Silver prices is trading near the 161.8% Fibonacci extension level and might continue sideways for now. If the price start moving lower, then the $41.632 might be the place where swing low printed. Under the current situation, it is better to wait for actual bearish correction to happen before placing any orders.

Today’s critical levels to watch:

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

Resistance: $44.357

Crude oil bullish evidence

The bull seems putting big pressure on crude oil prices, which might lead to breakout above $65.00 and green box area. No change to the latest outlook yet, the price needs to climb and close above $67.20 to reverse the current bearish situation. If the price climb above $67.20, reach $70.00 and get rejected, then traders could use the $67.20 after rejection to enter long positions.

Today’s critical level to watch:

Support: $60.00, $52.4

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