Gold bearish risk

Gold is consolidating after a strong bearish momentum move. Price action shows a clear pause following that sell-off, but there has been no immediate bullish response to suggest a trend reversal. As long as this consolidation continues without strong upside follow-through, the risk remains skewed toward bearish continuation. In this scenario, a renewed move lower could see price extend toward the $4,250 level and the trend line, where price reaction will be critical. A break below this area would confirm bearish continuation. Conversely, a strong bounce from that zone would suggest buyers are regaining control and could open the path for a bullish continuation toward the $4,670 area.

Today’s critical levels to watch:

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

Resistance: $4,380, $4,500, $4,670

Silver more bearish pressure

Silver has completed the 161.8% Fibonacci extension and subsequently formed a bearish reversal candlestick. Although price has not yet closed below the low of that reversal candle, downside pressure remains evident. Price action shows a sequence of lower highs while holding a similar low, a structure that often precedes a bearish breakdown. If selling pressure persists, a break lower would open the door for a deeper corrective move, with the $65.00 level acting as the first downside target. A more aggressive bearish continuation could extend toward the $60.00 area, which would represent a deeper correction within the broader trend.

Today’s critical levels to watch:

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

Resistance:

Crude oil continue bearish?

Crude oil continues to trade in a directionless manner, with price failing to establish a clear trend. While geopolitical factors such as the U.S.–Venezuela situation remain a source of uncertainty, current price structure does not yet reflect a sustained bullish shift. In the absence of a material change in the situation, crude oil remains vulnerable to further downside. Price continues to respect a sequence of lower swing highs, lower swing low, and as long as this structure persists, the market is likely to continue printing lower swing lows. Any upside move at this stage would be viewed as corrective unless price can reclaim and hold above $60.00.

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