Gold presses against resistance, still waiting for breakout

Gold pushed higher today and is testing the $4,250 level again. Price remains in trading near the $4,250 resistance and might continue the consolidation until next week. Market sentiment is positive as indices are rallying, but gold needs a clean breakout for directional clarity. On the upside, we still see gold prices continue the bullish movement to reach new record high.

Today’s critical levels to watch:

Support: $4,200, $4,000, $3,835

Resistance: $4,250

Silver limited below $60.00

Silver made another higher move today but shows early signs of exhaustion near $59.40. The trend remains bullish, as we might see silver prices consolidate near the $60.00 level. If price retraces, the first area to watch is $54.435 (Previous swing high). Under current situation, traders will continue to hold long positions while waiting for bearish pullback.

A breakout above $59.40 opens the path toward $65.70.

Today’s critical levels to watch:

Support: $55.00, $50.00

Resistance: $60.00

Crude oil, still stuck in the same range

Crude oil continues to trade inside the $57.60–$60.00 consolidation box. Today’s candle pushes slightly higher above $60.00, but showing no strong breakout. Bias stays neutral until price closes outside the range with strong momentum. A breakout above $60.00 may open the path toward $62.03, while a rejection there keeps price trapped. We still expect the price to continue the bearish movement to target $54.50 – $55.00 area.

Today’s critical level to watch:

Support: $57.60, $55.00, $54.50, $52.4

Resistance: $60.00, $65.00, $67.20, $70.00, $77.13