Gold resume downward movement

Gold continues to move lower after facing rejection near the $4,546 level, signaling that bearish pressure remains dominant in the near term. The inability to sustain higher levels reflects a shift in market dynamics, where traditional safe-haven demand is being offset by other macro factors. Despite ongoing geopolitical tensions, gold has been pressured by a stronger U.S. dollar and rising oil prices, which have increased inflation expectations and reduced the likelihood of rate cuts.

From a technical perspective, the current move suggests a continuation toward the $4,250 support level. A break below this area could open the path toward the daily SMA 200, which now becomes a key downside target. Unless price can reclaim higher resistance levels, the bias remains tilted to the downside in the near term.

Today’s critical levels to watch:

Support: $4,380

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

Silver bearish attempt below $70.00

Silver has broken below the key $70.00 level, confirming increasing bearish pressure and signaling a potential continuation of the downside move. The breakdown reflects broader weakness across precious metals, which have been under pressure despite geopolitical uncertainty. Market conditions, including a stronger dollar and shifting interest rate expectations, have weighed heavily on silver prices, contributing to the recent decline.

If bearish momentum continues to build, the next downside targets are seen at $54.00 and $50.00. These levels represent significant support zones and will be critical in determining whether the decline extends further. For now, unless price reclaims the $70.00 level, the overall outlook remains bearish.

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 supported

Crude oil prices continue to hold firm as geopolitical tensions between the U.S. and Iran remain unresolved. The lack of a clear breakthrough in negotiations is maintaining underlying bullish pressure, with supply disruption concerns still influencing market sentiment. Technically, price action is currently consolidating after a strong upward move. This suggests that the market is building momentum rather than reversing. A sustained move higher could resume if geopolitical risks intensify, while any meaningful progress in negotiations may trigger short-term pullbacks.

Today’s critical level to watch:

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

Resistance: $95.00, $100.00