Gold trend line break

Gold staged a breakout above its prevailing trend line, signaling potential bullish continuation. However, momentum waned toward the end of the session, and the price retreated to its opening level. Despite this pullback, the initial breakout remains a key signal for bulls as long as the price sustains its position above the trend line. Traders will monitor the U.S Non-farm employment data tomorrow to get clue on the next direction.

Today’s critical levels to watch:

Support: $4,546, $4,500, $4,380

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

Silver $80.00 test

Silver is currently testing the $80.00 level. The primary focus remains on whether the metal can achieve a successful breakout and print a new higher swing high, which would provide the necessary confirmation for a sustained bullish trend. At the current time, the $70.00 – $80.00 range still intact and without close outside of it, the price will continue ranging inside it.

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 stable

Crude Oil encountered bearish pressure during the session, attacking the $90.00 handle before recovering to move above its opening level. Notably, the price failed to print a new lower low, and the daily candle remained within the previous day’s range. Traders are currently sidelined, waiting for further confirmation from tomorrow U.S. non-farm employment data and the U.S-Iran negotiation.

Today’s critical level to watch:

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

Resistance: $100.00, $110.00