Gold attempt to continue higher

Gold experienced renewed bullish pressure, pushing higher after its recent decline. However, the recovery comes after the formation of a new lower swing low, indicating that the broader short-term structure remains bearish. The current upward movement is therefore viewed as a corrective phase rather than a confirmed trend reversal. A move toward the $5,000 level could act as a key turning point, where further price reaction will determine whether bullish momentum can be sustained. Without the formation of a new higher swing high, the underlying bearish structure remains intact despite the recent rebound.

Today’s critical levels to watch:

Support: $4,546, $4,500, $4,380

Resistance: $5,000, $5,200, $5,500

Silver flat fror the day

Silver rebounded from the $70.00 support level, showing signs of stabilization after the recent decline. However, the lack of strong bullish follow-through suggests that upward momentum remains limited. The $80.00 level stands as the next major resistance area, and price action around this zone will be critical in determining whether a broader recovery can develop. For now, the metal remains in a recovery phase within a wider uncertain structure.

Today’s critical level to watch:

Support: $70.00, $54.00, $50.00

Resistance: $80.00, $83.91, $85.00, $100.00, $120.00

Crude oil bearish pressure

Crude oil prices moved lower as optimism surrounding a potential resolution to the Iran conflict weighed on the market. Despite the decline, prices remain near recent lows, indicating that bearish momentum has yet to fully accelerate. Market direction continues to be heavily influenced by geopolitical developments, with price action likely to remain sensitive to any updates regarding the situation. As a result, oil is expected to trade with heightened volatility while awaiting clearer fundamental drivers.

Today’s critical level to watch:

Support: $100.00, $95.00, $90.00, $85.00, $80.00, $77.13

Resistance: