Gold: Strong Reaction at Green Box Support Signals Potential Bounce
Gold produced a strong bullish reaction within the green box support area ($4,110 – $4,170) during today’s trading session. If upward momentum holds through the market close, the price action will confirm a technical bounce off this critical demand zone. Under this scenario, buyers will likely target a continuation higher toward the $4,250.00 resistance level as the immediate objective.
Today’s critical levels to watch:
Support: $4,000
Resistance: $4,250, $4,350, $4,500, $4,546, $4,700
Silver: Bounces Off Demand Zone, Eyeing $61.00 and $64.00 Targets
Silver responded firmly to the green box support area ($59.00 – $60.00), mounting a recovery move that puts yesterday’s high within reach. Reclaiming and closing back above the $61.00 handle would validate the bullish turnaround, opening the door for an upward extension toward the $64.00 resistance mark. Until $61.00 is cleared with conviction, price action may continue to consolidate around these lower bounds.
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: Holds Above $90.00 as Market Awaits Directional Clues
Crude oil continues to trade above the key $90.00 psychological support level following recent downside pressure. Market participants are watching to see whether price action will build momentum for an upward leg toward $95.00, or pivot lower again to perform a retest of $90.00 and the major ascending trendline. As long as the trendline holds as dynamic support, the broader macro outlook remains favorable for buyers.
Today’s critical level to watch:
Support: $90.00, $85.00, $80.00
Resistance: $95.00, $100.00, $110.00