Gold bearish pressure

Gold is facing bearish pressure today, pausing its recent recovery. Despite the current downward push, the precious metal still has room to move toward the $5,000 resistance level if it can find support and regain momentum. However, traders should proceed with caution; if the market decides to firmly reverse from here, it might initiate a major bearish leg to target a new lower swing low below daily SMA 200. The reaction in the coming sessions will be crucial for determining the next major directional trend.

Today’s critical levels to watch:

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

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

Silver bearish reaction at $80.00

Silver reached the $80.00 level but is currently showing a bearish reaction at this key resistance zone. Similar to the situation in gold, the metal is experiencing downward pressure after testing its upper bounds. If the rejection holds and the price manages to break and close below the $70.00 support level, it opens the door for a much deeper correction, leaving $50.00 as a potential open target on the downside.

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 might close near opening level

Crude oil briefly pushed below the $90.00 mark today but managed to make a strong recovery back near its opening level. Importantly, the price has not printed a new lower swing low, which means the broader bullish structure remains intact for now. The market’s ability to reject lower prices and recover suggests that buyers are still active at these levels, potentially setting the stage for another upward attempt if the support continues to hold.

Today’s critical level to watch:

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

Resistance: $100.00,