Gold extend recovery

Gold continues its recovery and has reached the $4,546 level, showing short-term buying interest after the recent decline. However, the broader structure still suggests that the current move may be corrective. Despite the bounce, downside risk remains, with expectations for another bearish attempt toward the daily SMA 200. A deeper move could extend toward the $4,000 level if selling pressure resumes. Until a clear bottoming structure forms, the current recovery is likely to be temporary within a broader corrective phase.

Today’s critical levels to watch:

Support: $4,380

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

Silver higher above $70.00

Silver has managed to move back above the $70.00 level, but price has already pulled back from the intraday highs, indicating hesitation from buyers. Similar to gold, the current movement may lack strong bullish continuation. A failure to hold above $70.00 would increase the likelihood of further downside. If price breaks back below this level, the next downside targets are seen in the $50.00 – $54.00 zone. Until then, price remains at a key decision area.

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 waiting for trigger

Crude oil remains in a consolidation phase, with price stabilizing after the recent sharp move higher. The lack of strong directional follow-through reflects ongoing uncertainty surrounding the Iran-U.S. situation. Price is currently holding within a range, as traders wait for clearer geopolitical developments before committing to the next move. A breakout on either side of the range could trigger a stronger directional move, but for now, price action remains neutral and reaction-driven.

Today’s critical level to watch:

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

Resistance: $100.00