Gold bullish continuation

Gold extends its bullish move today after closing firmly above the $4,250 resistance. The breakout from the triangle consolidation earlier this week remains valid, and today’s continuation confirms strong buyer momentum. Gold prices is expected to maintain its bullish direction toward the next major resistance around $4,380. Only a drop back below the latest swing low $4,169 would indicate early weakness.

Today’s critical levels to watch:

Support: $4,250, $4,200, $4,000, $3,835

Resistance: $4,300, $4,380

Silver initial sign of bearish reversal

Silver is slightly lower today after rallying upward this week. The nearest level to monitor for bearish correction is around $59.40 which now acts as new support. If price holds above this level, silver may continue pushing higher toward the recent highs. Momentum stays positive as long as the higher-low structure is maintained. We still expect the price to continue upward to target $65.71 and $70.00.

Today’s critical levels to watch:

Support: $60.00, $59.40, $55.00, $50.00

Resistance: $65.00, $70.00

Crude oil pressuring lower

Crude oil continues to pressure the $57.60 support level today as bearish momentum remains intact. The pair is still trading near the bottom of the $57.60 – $60.00 range and shows no sign of bullish recovery. As long as price holds below $60.00, the outlook stays bearish, and a clean break below $57.60 may open the path toward $55.80 followed by $54.50 – $55.00 area. Sellers remain in control for now.

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