Gold maintain bullish pressure

Gold recently underwent a bearish attempt that printed a new low, but the price immediately reversed and is currently trading not far from the opening level. If the bulls can immediately push the price upward, then we might see a bullish continuation. Market participants are closely watching to see if this recovery can maintain momentum or if the earlier bearish pressure will resurface.

Today’s critical levels to watch:

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

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

Silver continue above $80.00

Silver presents a more bullish picture compared to gold prices as it recently broke above the $80.00 level and closed with strong momentum. The metal is currently holding its ground following this significant technical milestone. If a bearish correction occurs, the $80.00 level is expected to act as a primary support level for the current trend.

Today’s critical level to watch:

Support: $80.00, $70.00, $54.00, $50.00

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

Crude oil bullish pressure

Crude oil prices are moving up again after recent U.S-Iran negotiations failed. The asset is currently moving up and down and forming a range, reflecting the uncertainty in the market. We expect this ranging movement inside the triangle to continue as a series of news regarding the U.S.-Iran situation continues to influence the price direction.

Today’s critical level to watch:

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

Resistance: $100.00, $110.00