Gold moving sideways

Gold prices have primarily traded sideways since closing above the descending trend line. Although the market successfully tested the broken trend lines, no significant bullish continuation has materialized yet. The current focus remains a ranging movement, with the price likely consolidating between the $4,650 – $4,700 area

Today’s critical levels to watch:

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

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

Silver extending gains above $80.00

Silver continues to outperform gold, extending its upward trajectory following a decisive close above the $80.00 psychological level. Driven by strong industrial demand and a falling gold-silver ratio, the metal is currently eyeing $100.00 as its primary upward target. In the event of a bearish correction, the previously broken $80.00 level is expected to act as significant support for a potential bounce.

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 triangle consolidation

Crude oil is trading slightly lower today as price action compresses within a symmetrical triangle consolidation pattern. A breakout from this structure is required to confirm the next major directional trend. While the broader uptrend remains intact, geopolitical risks—specifically regarding the Strait of Hormuz and stalled U.S.-Iran negotiations—continue to keep the physical market tight

Today’s critical level to watch:

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

Resistance: $100.00, $110.00