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Trade Ideas For July 26: Gold, Silver And Oil

Published 07/25/2016, 09:22 PM
Updated 07/09/2023, 06:32 AM
XAU/USD
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XAG/USD
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GC
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SI
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CL
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GOLD
Gold Daily Chart

Gold is stuck in consolidation and seems to be very choppy for now. There is resistance near the 1335 area and support at the 1310 area. I will be going long/short only once it breaks those levels.

​Current call: Buy above 1335/Short below 1310

SILVER
Silver Daily Chart

Like gold, silver too is stuck in consolidation with the moving averages catching up. I will be buying/shorting at the break of the consolidation.

​Current call: Buy above 19.8/Short below 19.3

CRUDE OIL

Crude Daily Chart

Crude has continued its grind lower and is extremely weak. But, now it is approaching some strong support near the 42-42.5 area. We could see a possible reversal here. It definitely looks like the bottom could be near. We will know soon.

Current call: Buy near the 42-42.5 area

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