Gold posted a loss of $20.76 to close at $1,425. An Engulfing Bear has occurred which indicates a negative trend ahead, however, a confirmation is required. A fall below $1,420 (Friday’s low) will confirm the above view with $1,414 and $1,386 in sight. However, a break above $1,453 will invalidate the above view. The RSI and the MACD have moved down, suggesting a corrective trend ahead. Investors are recommended to ‘Sell’ below $1,420.

Silver ended the session lower at $16.17, down $0.14. It is expected to re-test support at $16.04 where a fall below will kick off the corrective trend. However, a break above Friday’s high of $16.57 will continue the uptrend with $16.65 in sight. The indicators are mixed, signaling no clear trading view. We recommend investors to stop buying below $16.04.

Crude oil witnessed a range bound activity to close at $55.86, up $0.12. Oil is expected to revisit Friday’s high of $56.44 where a break above will target the 200-DMA at $57.50, followed by $57.88. However, any downside will find support at $55.10 where a fall below will lead to further decline towards $54.23, followed by $53.68. Investors are recommended to stay sellers below the 200-DMA.

The USD index showed positive movement to close at 96.70, up 0.45 points. The index is likely to test resistance at 96.91 (50-DMA) where a break above will initiate the uptrend. Meanwhile, any downside will find support at 96.54 (200-DMA). The RSI and the MACD are heading up, suggesting a positive trend ahead. We recommend investors to ‘Buy’ above the 50-DMA.