The price of gold closed lower below $1,280 on Tuesday and risked further downside. There is no valid breakout yet below the trendline, and as long as the price could return above $1,280 by the end of the week, it is the bull victory. Traders could continue to observe price action at the support. It is possible next day ECB interest-rate decision will produce volatility to move the precious metal away from current level. Today critical level to watch: Support: $1,258, $1,250 Resistance: $1,280, $1,300, $1,313.22, $1337, $1,390 The situation on the silver daily chart is similar to the situation in Gold. The price initially bounces from the support level, but it driven back to $16.80 and currently testing it. There is no break or bounce confirmation yet, and traders could adopt wait&see stance until next momentum move happen. Today critical level to watch: Support: $16.80, $16.50, $16.00 Resistance: $17.00, $17.20, $17.50, $17.73 EIA released U.S crude oil inventories which recorded surplus of 0.9 million barrels compared to a deficit of 2.6 million barrels expectation. The price of crude oil unchanged after the news and continue stick near $52.40 resistance. Will the bear push the price down today? Alternatively, will the bull move the price higher and break above $52.40? Today critical level to watch: Support: $51.20, $51.00, $50.00 Resistance: $52.40, $54.50

SOURCE : https://tradertalks-net.translate.goog/s/26007?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp