Daily Oil, Gold, Silver Technical Analysis | January 06, 2026

Gold resume bullish trend

Gold continues to build bullish pressure, with price holding above key support and maintaining its upward structure. Buyers remain in control, and recent consolidation ended in bullish continuation. As long as there is no change in the broader macro or risk environment, the bullish bias remains intact. On the upside, a push toward $4,600 is likely, with $4,670 standing out as the next major upside target if momentum continues to build.

Today’s critical levels to watch:

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

Resistance: $4,500, $4,670

Silver trade above $80.00

Silver has escaped what initially looked like a potential bearish breakdown and has since reasserted its bullish structure. Price action confirms that buyers successfully defended key levels, allowing the uptrend to resume. That said, caution is warranted at current levels, as price is approaching the upper zone of the recent range. Traders should pay close attention to price reaction near the highs, as rejection could lead to consolidation or a corrective pullback despite the broader bullish bias.

Today’s critical levels to watch:

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

Resistance: $80.00

Crude oil sideways movement

Crude oil continues to trade back and forth near the $57.60 level, showing a lack of clear directional commitment. No new bullish structure has formed, and recent rebounds have failed to generate meaningful follow-through. As a result, the broader bias remains bearish, with current price action best described as consolidation within a declining structure. Until crude oil breaks decisively above recent resistance or forms a higher low, downside risk remains the dominant theme.

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

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