Gold testing $4,500

Gold continues to extend its bullish movement and is now trading near the $4,500 level. Price action suggests buyers are attempting to push for a breakout from the current level. On the upside, $4,670 & $5,000 will be the targets to watch. However, if a bearish correction develops, the $4,380 broken swing high will be the key support level to watch.

Today’s critical levels to watch:

Support: $4,380, $4,300, $4,250, $4,200

Resistance: $4,500, $4,670

Silver trading above $70.00

Silver remains firmly bullish and continues to trade higher after the close above $70.00 level. The strong upward momentum shows no sign of exhaustion for now, keeping the bullish outlook unchanged. That said, given the extended move, traders may prefer to wait for a bearish correction before looking for new long opportunities rather than chasing price at current levels.

Today’s critical levels to watch:

Support: $70.00, $65.00, $60.00, $59.40, $55.00

Resistance:

Crude oil bullish attempt

Crude oil is attempting to stabilize and may extend higher in the near term to test the $60.00 level. However, as long as price fails to print a clear higher swing high above $60.00, the broader trend remains bearish. Any upside movement at this stage is still viewed as corrective within the prevailing downtrend, rather than a confirmed trend reversal.

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