Gold major rejection from $1,550 resistance

The easing of the trade war between the U.S and China calm the market and pull gold prices lower. Both parties agreed to hold a trade negotiation in October in Washington. Gold expected to continue its weakness and test $1,500 support level. Traders could prepare for long positions near $1,500 when there are bullish reactions.

Today critical levels to watch:

Support: $1,500, $1,480, $1,450, $1,430

Resistance: $1,550

Silver closed near $18.50

Silver move down with strong bearish momentum and settled near $18.50. The downward movement of silver might continue and break below $18.50. However, if the bull could maintain the price above $18.50 by the end of the week then traders could expect a bounce in the coming week.

A breakout below $18.50 could trigger selling toward $17.73 support level.

Today Critical levels to watch:

Support: $18.50, $18.00, $17.73

Resistance: $20.00

Crude oil target achieved, time for a reversal?

Crude oil extends its gain in the previous day and reaches the top of its bearish channel. There is bearish rejection from the top of the channel and crude oil settled near its opening level. Today, the price attempting to move higher again and test the channel.

Will crude oil continue upward and a breakout above the channel? Alternatively, will it reverse and close below $55.80 to continue lower next week?

Today critical level to watch:

Support: $55.80, $55.00, $54.50

Resistance: $57.60