Gold continue upward

Gold is building more bullish pressure, with price gradually grinding higher on the daily chart. The steady upward movement suggests that buyers are regaining control after the recent pullback. However, traders will remain cautious as the latest bearish leg previously printed a lower swing low, indicating that the overall structure has not fully shifted into a confirmed bullish trend yet. This makes the current upward move still vulnerable to rejection.

The $5,000 level stands out as a major resistance to watch. If price reaches this level but fails to break above it and does not print a new higher swing high, the market may enter another bearish leg. On the other hand, a confirmed breakout could signal stronger bullish continuation.

Today’s critical levels to watch:

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

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

Silver gaining above $70.00

Silver bounced from the $70.00 support level and is now attempting to move higher. The reaction from this level shows that buyers are actively defending the zone, preventing further downside movement for now. The current price action suggests a potential recovery phase, but the structure still requires confirmation. The next key level on the upside is $80.00, which will act as a resistance and determine whether the bullish move can continue. A rejection from this level may lead to renewed consolidation, while a breakout could open the path for further gains.

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 waiting more resolution

Crude oil declined sharply following the ceasefire announcement between the United States and Iran, reflecting reduced geopolitical tension in the short term. The agreement is a temporary two-week ceasefire, which may limit immediate escalation but still leaves uncertainty in the market. However, the situation remains fragile, and further developments could quickly shift sentiment. From a technical perspective, price has not printed a new lower swing low, which means the broader bullish structure is still intact despite the recent drop.

With the temporary ceasefire in place, price may enter a ranging or sideways phase as traders wait for clearer direction. The market will continue to react to updates related to the U.S.–Iran situation, especially if tensions rise again after the ceasefire period.

Today’s critical level to watch:

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

Resistance: $100.00,