Gold return near $4,546
Gold initially showed bearish momentum following the recent rejection; however, current price action indicates that bullish pressure is beginning to build. The recovery seen today suggests that buyers are stepping back into the market after the pullback. Price has now moved back toward the previously broken level $4,546, turning this area into a key zone to watch. This shift highlights a potential transition phase, where bearish momentum is slowing while bullish interest gradually increases. If buyers manage to sustain pressure above this level, it could open the door for a broader recovery. Otherwise, failure to hold may result in renewed downside pressure.
Today’s critical levels to watch:
Support: $4,500, $4,380
Resistance: $4,546, $5,000, $5,200, $5,500
Silver stick near $70.00
Silver also reflects a similar shift in sentiment. After the recent bearish move and break below $70.00, price is now stabilizing and attempting to build bullish pressure around this level. The current consolidation near $70.00 suggests that selling momentum is weakening, while buyers begin to test control again. This level now acts as a critical pivot zone for the next move. A successful pushback above $70.00 could signal a short-term recovery, while rejection from this level may confirm continuation of the broader bearish structure.
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 trading near $100.00
Crude oil continues to build bullish pressure as prices push higher toward the $100.00 level. The overall structure remains firmly bullish, supported by strong upward momentum in recent sessions. The approach toward this psychological level highlights sustained buying interest, with the market continuing to react to geopolitical developments and supply concerns. As long as the trend structure remains intact, the bias stays to the upside. A firm break above $100.00 could further reinforce bullish continuation in the near term.
Today’s critical level to watch:
Support: $90.00, $85.00, $80.00, $77.13
Resistance: $95.00, $100.00