Gold bullish pressure

Gold is attempting to move higher again but remains contained within the previous day’s range. This price behavior reflects a lack of strong momentum, as buyers are unable to push for a clear breakout while sellers are not strong enough to drive the market lower. The current consolidation suggests that the market is waiting for a catalyst, with U.S. inflation data and developments surrounding the U.S.–Iran situation likely to play a key role in determining the next direction. A breakout from this range will be needed to establish clearer momentum.

Today’s critical levels to watch:

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

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

Silver supported at $70.00

Silver tested the $70.00 level once again and showed a bounce reaction, indicating that buyers are still defending this support area. The repeated defense of this level highlights its importance in the current structure. Despite the bounce, price action remains indecisive, with no strong continuation in either direction. The market is currently in a wait-and-see mode, and traders will closely monitor whether the price can break below $70.00 or build enough momentum to continue upward from this support.

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 new higher high

Crude oil pushed higher and printed a new high, but the move was followed by a reversal, indicating hesitation from buyers at elevated levels. This rejection suggests that the market may struggle to sustain upward momentum in the short term. Price is currently holding near the highs, reflecting a consolidation phase rather than a clear reversal. Similar to other commodities, traders are likely waiting for further clarity from the U.S.–Iran situation, which could significantly influence oil supply expectations and drive the next move.

Today’s critical level to watch:

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

Resistance: