Gold stick near $4,546

Gold prices pushed lower to test the $4,546 support level once again, with the price continuing to trade near this boundary for now. While the market experienced initial bearish pressure earlier today, the price has since recovered to trade above its opening level. Given this intraday bounce and lack of clear directional breakout, consolidation near the $4,546 level might continue for the time being.

Today’s critical levels to watch:

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

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

Silver inside $70.00 – $80.00

Silver prices fell back inside the $70.00 – $80.00 range, though the overall higher high and higher low structure remains intact for now. On the lower side, a daily close below $70.00 and the creation of a new lower swing low is the key requirement for a bearish continuation. Conversely, on the upside, the price needs to print a fresh higher swing high to validate and continue its broader upward movement.

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 currently testing the top boundary of its symmetrical triangle pattern. The immediate expectation is for the price to face a rejection and continue moving inside its established consolidation range. However, if a decisive bullish breakout occurs above the trend line, the price might shift its momentum to target the previous swing high.

Today’s critical level to watch:

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

Resistance: $100.00, $110.00