Gold waiting for reactions

Gold manages to stay near $1,200 after initial sell-off this week. The precious metal gain between Wednesday – Friday erases all of the losses incurred this week. Currently, the market is waiting for U.S job data release. Expect some movement when the data release and supported rate increase for the Fed.

Today critical level to watch:

Support: $1,200, $1,160

Resistance: $1,210, $1,220

Silver continue ranging between $14.00 – $14.40

More consolidation was seen in Silver price movement on Friday. The precious metal expected to trade between $14.00 – $14.40 until breakout happen. Traders could use the moment to trade the range.

Today critical level to watch:

Support: $14.00

Resistance: $14.40, $15.00

Crude oil touchdown on the trendline

Crude oil makes a touch down on red trendline and completed the bearish leg from $70.00 rejection. It could either bounce from the trendline and retest $70.00 or continue its downward movement toward $65.00. Traders might want to stay sideways for now and waiting for next movement trigger.

Today critical level to watch:

Support: $67.20, $65.78, $65.00

Resistance: $70.00, $72.50