Price Of Gold (XAUUSD), Silver Price and WTI – Video Analysis

[FXMAG]

Silver also consolidates gains in the bull trend with no sell signal so we remain buyers on weakness to support levels.

UPDATE: Silver gapped higher to 2614.

WTI Crude April rockets higher but holds the 16.57 high. A double top would trigger losses to 100 if confirmed but we need to see what candle signals we get on Monday's close.

UPDATE: WTI Crude has gapped higher on the open hitting 130.50.

Update daily by 05:00 GMT

Today's Analysis.
Gold with an explosive move back up through 1950 & the February high at 1970/73 for yet another buy signal targeting 1990/92 & 2000. A high for the day exactly here over night but definitely no sell signal at this stage! If we continue higher look for 2013/15, 2026/29 & 2035/37.

Important support at 1973/70. Longs need stops below 1965. Next target & strong support at 1950/46. Longs need stops below 1940.

Silver through resistance at 2555/75 for a buy signal targeting 2600, 2640/50 & 2690/95.

Good support expected at 2580/70. Longs need stops below 2560. Next target & strong support at 2520/10. Longs need stops below 2500.

WTI Crude April break above 116.80 triggers the next leg higher in the longer term bull trend in hitting my targets of 117.40/45 & 119.20/60 but rocketing as far as 130.50. According to my Fibonacci extensions (all I have to go on now!!) this is quite an important level but of course shorts are very high risk in the bull trend. If we continue higher look for 132.90/133.10 then 138.00/139.00.
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