Gold retested $4,546

Gold has recently turned lower and tested the $4,546 support level, where it managed to find buying interest and produce a bounce. This reaction suggests that demand remains present at lower levels, preventing a deeper decline for now. At the moment, price is hovering near the previous day’s low, indicating that the market is still in a transitional phase. While the broader structure remains constructive, gold needs to build stronger upward momentum to confirm continuation.

If the recovery gains traction, the next major upside target stands near the $5,000 level. A sustained move higher would signal that the corrective phase has likely ended and that buyers are regaining control.

Today’s critical levels to watch:

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

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

Silver retested $70.00

Silver followed a similar pattern, declining toward the $70.00 level before finding support and bouncing. This level is now acting as a key foundation for the current price structure. Holding above $70.00 is critical for maintaining the bullish outlook. As long as price remains supported, the market may continue to recover, with potential upside targets toward $80.00 and beyond. That said, silver still needs to demonstrate consistent strength, as failure to hold above support could lead to renewed downside pressure.

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 more bullish pressure

Crude oil continues its bullish trajectory, extending gains after successfully holding above key support levels. The recent price structure shows consistent higher highs and higher lows, indicating that buyers remain firmly in control of the market. With momentum still intact, oil appears positioned to retest its previous swing high. A successful break above that level would further confirm the continuation of the broader uptrend and could open the door for additional upside movement. However, as price approaches resistance, traders will remain attentive to any signs of rejection that could temporarily slow the advance.

Today’s critical level to watch:

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

Resistance: