Daily Trade Gold/Silver/Oil

Yellow Metal Returns Its Losses In The Morning:

For the 24 hours to 23:00 GMT, gold fell 1.22% against the USD, closing at $ 1,276.20
an ounce, strengthened by the US dollar and a rally in global equities.
At the Asian session, the pair traded at GMT0400 at 1279.80 with the price of gold

rising 0.28% against yesterday's close of yesterday's close.

The pair is expected to find support at 1271.37 and a breakthrough could bring it to

the next support level of 1262.93. It is expected that the pair will find its first resistance at 1290.97 and bring it up to its next resistance level of 1302.13.

The yellow metal is trading below its 20-hour and 50-hour moving averages.

White Metal Trading Higher In Asian Session:

For the 24 hours to 23:00 GMT, silver lost 1.69% against the USD, closing at $ 16.91
per ounce, resulting in losses in gold prices.In the Asian session, the pair traded at 16.96 on GMT0400, with silver trading up 0.3% against yesterday's close of yesterday's closing price.

The pair is expected to find support at 16.78 and a breakthrough could bring it to the
next support level of 16.60. It is expected that the pair will find its first resistance at
17:18 and bring it up to the next resistance level of 17.40.

The white metal is trading below its 20-hour and 50-hour moving averages.

Oil Trade On A Stronger Foundation:

For the 24 hours to 23:00 GMT, crude oil fell 0.49% against the USD and closed at

56.35 USD per barrel, with new doubts over whether OPEC hit next week would lead

to an expansion of production cuts.

In the Asian session, the pair traded at 56.52 on GMT0400, with oil trading up 0.3%

against yesterday's close of yesterday's close.

The pair is expected to find support at 55.87 and a breakthrough could bring it to the

next support level of 55.22. The pair is expected to find their first resistance at 57.05

and bring a rise through it to the next resistance level of 57.58.

Crude oil is trading above its 20-hour and 50-hour moving average.

Technical Preference:

Gold posted a loss of $ 17.19, closing at $ 1,277. Gold has fallen below the 14-DMA and the 50-DMA, which will now narrow the range from $ 1,279 to $ 1,287. A drop below yesterday's low, however,will extend the decline to the 200-DMA at $ 1,264. The RSI and the MACD have moved down, supporting a negative view. We recommend investors to "sell on strength" and keep Stoploss above the 50-DMA.

Silver fell strongly, closing at $ 16.89, $ 0.38. Silver has fallen below the 14-DMA and the 200-DMA, which will cap the top at 17.01 and 17.13 dollars. where a break up is needed to refresh up-pulse. However,a decline below yesterday's low will extend the decline to $ 16.56, followed by $ 16.31. The RSI and Stochastic Oscillator have moved down, supporting a bearish view. Investors are advised to "sell on strength" and hold stop loss above the 200-DMA.

Crude oil adjusted its previous gain, closing at $ 56.32, a loss of $ 0.41. Oil is currently trading above the 14-DMA; where a downfall triggers the downtrend. However, a break above yesterday's high will increase the gain to $ .56, with a $ 59.96 chance later. The indicators are mixed and support a neutral view. We encourage investors to stay 'long' above the 14-DMA.

The USD index ended the session at 93.97, up 0.40 points. If the gain stops, the target will be at the 14-DMA, which stands at 94.28. At yesterday's low of 93.48, however, any support finds support. The RSI and the Stochastic Oscillator have shown an improvement, suggesting a higher price movement in the short term. We recommend that investors buy at lower levels, with the risk defined below 93.48.

(This is learning about where market goes, no recommendation buy or sell)