Gold waiting for confirmation

Gold continues its current price action and still has room to extend its upward recovery toward the $5,000 resistance level. However, the market remains at a critical juncture. While the short-term momentum is pointing up, the precious metal could also turn lower from the current level, which would resume the broader bearish move to target a new lower swing low. Traders should monitor the price action closely to see if buyers have the strength to test $5,000 or if sellers will regain control.

Today’s critical levels to watch:

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

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

Silver continue testing $80.00

Silver is currently stuck right at the critical $80.00 resistance level. The metal has been hovering near this barrier, and the active testing of this zone will likely continue for now. Because the price is heavily consolidating at this ceiling, traders will wait for a clearer directional signal before making a move. The market needs to show either a stronger bearish rejection indicating a pullback toward support, or a decisive bullish breakout above $80.00 to open the door 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 bullish pressure

Crude oil is showing renewed bullish pressure today, successfully climbing above yesterday’s high. However, the upward movement remains limited just below the immediate $95.00 resistance level. If the price can exhibit strong bullish momentum and break through this barrier, we might see a robust continuation upward. On the other hand, if the price turns lower again and breaks below the $85.00 mark, the trend might flip to bearish. Because the overall structure is still firmly bullish at this time, it is better for traders to avoid taking short positions.

Today’s critical level to watch:

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

Resistance: $95.00, $100.00,