Gold new record high

Gold prices surged to a new record high today, confirming strong bullish momentum on the daily chart. The breakout signals continued strength, and the overall structure remains firmly bullish. While price may extend further to the upside, traders should be mindful of potential bearish corrections after such an aggressive move. Any pullback will be viewed as a healthy correction and a potential opportunity to add long positions, rather than a trend reversal.

Today’s critical levels to watch:

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

Resistance: $4,380

Silver nearing $70.00

Silver continues its strong rally and is now approaching the $70.00 psychological level. The market keeps printing higher highs with no visible sign of weakness, indicating buyers remain in full control. Momentum remains intact, and silver could reach the $70.00 level in the near term. Traders will continue to favor bullish positions while monitoring price behavior near the major resistance zone.

Today’s critical levels to watch:

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

Resistance: $70.00

Crude oil more consolidation

Crude oil remains under bearish pressure and continues to trade sideways between the $55.00 – $57.60 range. Price action suggests consolidation rather than reversal, and the broader bias remains bearish. Traders will continue to look for a retest of the $54.50 – $55.00 support area, which remains the next downside target if selling pressure resumes.

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