Daily Oil, Gold, Silver Technical Analysis | January 16, 2026

Gold bearish test

Gold is showing early signs of a mild corrective pullback after failing to extend beyond the recent swing high. Price is currently testing the previously broken resistance zone, which is acting as near-term support. As long as this area holds, the broader bullish structure remains intact and another push toward the $4,670 and $5,000 resistance levels remains possible. A daily close below this support zone would signal that the correction is gaining depth and could target the trend line.

Today’s critical levels to watch:

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Support: $4,500, $4,380, $4,300, $4,250, $4,200

Resistance: $4,670

Silver bearish pressure

Silver is consolidating within the previous session’s range, reflecting a pause after the recent strong advance. Momentum has slowed, but there is no clear breakdown structure yet. A sustained move above the $93.50–$95.00 resistance zone would confirm bullish continuation, while a break back below $83.90 support would shift the outlook toward a deeper retracement.

Today’s critical levels to watch:

Support: $80.00, $70.00

Resistance: $85.00

Crude oil stick near $60.00

Crude oil has closed below the $60.00 psychological level and is now retesting it from below, turning this zone into near-term resistance. Despite this, the broader price structure has shifted into a bullish recovery phase following the recent breakout from the lower range. A successful break back above $60.00 would support a continuation toward the $62.00–$65.00 resistance zone. If the rejection leads to a deeper pullback, the $57.60 support level will be the key area to monitor for renewed buying interest.

Today’s critical level to watch:

Support: $60.00, $57.60, $55.00, $54.50, $52.4

Resistance: $62.00, $65.00, $67.20, $70.00, $77.13

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