Friday Gold on the path of gain

Stuck inside the blue range, gold is moving up on Friday. The price found support after three consecutive drops this week. On the weekly chart, we have massive bullish candlestick previous week which needs to be broken and this week candle inevitably will end inside the previous week candle range.

Gold price movement limited on Friday and projected will move between $1,315 – $1,330.

Today critical level to watch:

Support: $1300, $1,280

Resistance: $1330, $1350, $1390.

Silver Out of Triangle but flat

Movement in Silver has been limited below the broken triangle and inside the blue range. The week will end soon and no significant influence to move the silver price. We think the price will continue to move inside the blue range.

Today critical level to watch:

Support: $19, $18.50

Resistance: $19.30, $20, $20.75, $21

Crude Oil winning the week

Crude oil has been the sole winner this week out of two others. The bull drives the price up reached $48 – $48.5 resistance area, consolidated and find temporary support near $47.

There are many cases for more bullish movement, as long as crude oil stays above $46.5 today. On the weekly chart, $48.5 is vital to ensure the continuation of the bullish trend.

Today critical level to watch:

Support: $47.00, $46.5, $45.30, $45.00

Resistance: $48.00, $48.50, $50.00