Gold waiting for trigger

Gold is facing noticeable bearish pressure in today’s trading session. However, the precious metal is mostly moving entirely inside Friday’s established range. Because of this tight consolidation, the immediate market direction remains somewhat neutral. If the price continues to push lower, sellers will easily take full control. Consequently, the $4,546 support mark becomes the most critical level to watch next. Alternatively, a strong bounce from the current area could initiate another upward recovery.

Today’s critical levels to watch:

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

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

Silver sideways

Silver is trading mostly sideways today. Specifically, the metal remains trapped completely inside Friday’s daily range. Therefore, there is not much significant change in the broader technical picture right now. Because the price is heavily consolidating, it could eventually break in either direction. As a result, the asset might move downward toward the $70.00 support or upward to test the $80.00 resistance. Traders should patiently wait for a definitive breakout before entering new positions.

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 supported at $95.00

Crude oil is showing slight upward pressure today. This mild bullish bounce happened right after a recent test of the $95.00 pivot level. Despite this positive momentum, the price is still moving strictly inside Friday’s trading range. Consequently, the energy market is taking a brief, healthy pause from its recent volatility. Therefore, traders will simply wait for a clear breakout confirmation. Once the price escapes this narrow range, the next major directional trend will finally begin.

Today’s critical level to watch:

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

Resistance: $100.00,