Gold stick near $4,546

Gold prices continued to trade closely near the $4,546 level as the week drew to a close. The chart has printed a lower swing low, which serves as a technical confirmation of potential weakness ahead. If the price breaks lower over the coming sessions, sellers will likely steer the commodity toward the rising daily SMA 200 and the major $4,250 support zone as the primary downside targets.

Today’s critical levels to watch:

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

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

Silver more consolidation

Silver prices remained locked inside a tight consolidation phase, moving entirely within the range of its previous bearish candlestick and holding inside the $70.00 – $80.00 boundaries. The metal maintains a strong chance to continue its slide to test the key $70.00 support floor. If this critical level is broken, it will severely damage the near-term structure and open a clear path toward deeper targets at $54.00 and $50.00.

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 trade inside triangle

Crude oil successfully broke above its symmetrical triangle pattern at the beginning of the week, but the move lacked conviction as the price gapped down shortly after. Oil has since remained under steady bearish pressure, trading near the bottom of the triangle pattern and the $95.00 level. There is no structural conclusion yet, as the commodity might continue to chop inside the boundaries of the triangle. However, a decisive move below $90.00 would invalidate the neutral bias and open a distinct bearish scenario.

Today’s critical level to watch:

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

Resistance: $100.00, $110.00