Gold: Bearish Momentum Accelerates Toward $4,250 Support
Gold experienced increased bearish pressure, with the downward move gaining strong momentum. If current market conditions persist without an immediate bullish catalyst, the price decline could extend further toward the $4,250 support level. Under present conditions, observing the price reaction and waiting for clear confirmation around key support remains the recommended approach before looking for potential entries.
Today’s critical levels to watch:
Support: $4,250, $4,000
Resistance: $4,380, $4,500, $4,546, $4,700
Silver: Pushed Lower Near $64.00 Support Zone
Silver was pushed lower during the session, dropping toward the $64.00 horizontal support level to test its previous swing low. Market focus is now on how price behaves around this support line. If the price sweeps liquidity below the low and forms a clear fakeout pattern, traders could look for reversal confirmation to enter long positions.
Today’s critical level to watch:
Support: $64.00, $54.00, $50.00
Resistance: $70.00, $80.00, $83.91, $85.00, $100.00, $120.00
Crude Oil: Surges Stronger to Print New Higher High
Crude oil continues its strong post-breakout rally, advancing sharply above $85.00 to print a new higher high. Bullish momentum continues to build as buyers maintain control of the trend, keeping the market on track for potential upside expansion toward upper technical targets.
Today’s critical level to watch:
Support: $85.00, $80.00, $77.13, $70.00, $67.20
Resistance: $90.00, $95.00