Gold target record high

Gold continues to extend its bullish movement on the daily timeframe and is now approaching the record high area. The structure remains clearly constructive, with price maintaining higher highs and higher lows. The recent recovery above the 5,000 level strengthened bullish momentum, and buyers continue to defend pullbacks. As long as price holds above the $5,000–$5,100 support zone, the bullish scenario remains intact.

A sustained move toward the 5,500 resistance area could open the door for a breakout attempt toward a new record high. However, failure to hold above $5,000 may trigger a corrective pullback toward $4,546 support and the trend line. For now, momentum favors continuation toward the previous high.

Today’s critical levels to watch:

Support: $5,200, $5,000, $4,670, $4,546, $4,500, $4,380

Resistance: $5,500

Silver mixed

Silver shows mixed price action today. The metal opened higher but is currently trading lower, reflecting some hesitation near resistance. Despite the intraday pullback, the broader structure remains bullish as long as price continues printing higher highs and higher lows on the daily timeframe. The $100.00 level remains the nearest primary upside target. As long as price holds above $70.00, the bullish outlook remains valid. A break below $70.00 would weaken the structure and suggest a deeper correction toward $50.00.

Today’s critical levels to watch:

Support: $85.00, $83.91, $80.00, $70.00

Resistance: $100.00, $120.00

Crude oil bullish gap

Crude oil gapped higher following geopolitical tensions between Iran and the United States. The bullish trend has been in place since price reclaimed the $62.00 level, and momentum continues to build. Price is now trading above the $70.00 psychological level, signaling strengthening bullish control. The next upside target stands at $77.13, which represents a key resistance zone from previous highs.

Today’s critical level to watch:

Support: $70.00, $67.20, $65.00, $62.00, $60.00

Resistance: $77.13