Gold might target lower level

Gold has shown a recovery after testing the daily SMA 200, but upside follow-through remains limited. The lack of strong continuation suggests that buyers are not yet in full control. Recent price action still reflects strong bearish momentum, indicating that the current bounce may be corrective rather than a reversal. Unless a clear bottoming structure forms, gold remains vulnerable to further downside. For now, it is not the time to turn bullish, with traders likely to wait for confirmation before considering long positions.

Today’s critical levels to watch:

Support: $4,380

Resistance: $4,500, $5,000, $5,200, $5,500

Silver to target $50.00?

Silver has broken and closed below the $70.00 level, signaling increasing bearish pressure and a continuation of the current downtrend. The breakdown opens the path toward lower levels, with the $50.00 area acting as the next key downside target. Under current conditions, the focus remains on downside continuation. Traders may consider waiting for price to reach lower levels and show signs of exhaustion before looking for potential long opportunities.

Today’s critical level to watch:

Support: $70.00, $54.00, $50.00

Resistance: $80.00, $83.91, $85.00, $100.00, $120.00

Crude oil stay bullish

Crude oil shows signs of mild bearish pressure following the announcement of a pause in U.S. action toward Iran. However, the broader situation remains highly uncertain, which continues to support the possibility of volatility and sudden price shifts. Price is currently trading below recent highs, suggesting a short-term pullback. Despite this, the overall structure has not fully shifted bearish, as geopolitical factors may still drive prices higher. The key level to watch on the downside is $77.13. A sustained move below this support could open further downside, while holding above it may keep the broader bullish structure intact.

Today’s critical level to watch:

Support: $95.00, $90.00, $85.00, $80.00, $77.13

Resistance: $100.00