Daily Oil, Gold, Silver Technical Analysis

From fxdailyreport.com

Gold prices have bounced from the Fibonacci Retracement levels with strong bullish momentum. The price will resume the bullish trend to target the $3,250 level. Traders who miss long positions will wait for retracement to support level in lower time frame to enter long positions. However, if the price fall below the $2,960 level then the trend will turn bearish. The bearish pressure on silver prices reached the $29.00 – $30.00 area, and there is bounce reactions today. The price has left the $29.00 – $30.00 area now and will target the $31.50 resistance level. In the long-term, we still see the price will move ... (full story)