Gold bullish attempt

Gold making a bullish attempt and tested the level near previous record high, and is currently trading slightly lower after the rejection. Despite the pullback, there is no strong bearish follow-through, and buying pressure remains dominant. We might see gold prices to keep pressuring higher and may eventually print a new record high. Any shallow pullback is viewed as a chance to add more long positions. On the lower side, the $4,250 level and the trend line is the levels to watch for long positions.

Today’s critical levels to watch:

Support: $4,300, $4,250, $4,200, $4,000, $3,835

Resistance: $4,380

Silver moving inside previous day’s range

Silver is trading inside the previous day’s range, showing signs of short-term consolidation after the recent strong rally. There is no major bearish reaction so far, indicating sellers are not in control yet. The bullish bias remains intact as there is no significant swing high printed yet. A breakout above the recent high would open the path for continuation toward the $70.00 psychological level.

Today’s critical levels to watch:

Support: $65.00, $60.00, $59.40, $55.00

Resistance: $70.00

Crude oil bearish pressure

Crude oil is back under bearish pressure but is currently moving inside the previous day’s range. Price action suggests indecision near the $54.50–$55.00 support zone. A possible bullish engulfing pattern has formed, which could signal a short-term reversal if confirmed. However, a strong daily close below the $54.50–$55.00 area would invalidate the bullish setup and confirm bearish continuation toward lower levels. Traders will closely watch the daily close for confirmation.

Today’s critical level to watch:

Support: $55.00, $54.50, $52.4

Resistance: $57.60, $60.00, $65.00, $67.20, $70.00, $77.13