Gold: Bullish Correction Advances Toward Green Box Resistance Retest
Gold continues its upward trajectory as buyers push price action back toward the green box area ($4,110 – $4,170) for a key technical retest. The current advance is classified as a bullish corrective move within a broader structural downtrend. Market participants are watching for clear bearish rejection signals inside or near the green box boundary to consider building short positions. If heavy selling pressure re-emerges near resistance, gold is expected to resume its primary downward path toward lower targets at $4,000.00 and $3,834.29.
Today’s critical levels to watch:
Support: $4,000, $3,900
Resistance: $4,250, $4,350
Silver: Eyes $54.00 Resistance Target for Bearish Reaction Signals
Silver staged another upward attempt and appears set to test the key $54.00 resistance level. Traders will wait for price action to challenge the $54.00 – $55.00 zone to see if bearish reaction patterns take form before initiating new short entries. The primary outlook remains tilted downward, with potential for renewed selling pressure to target the $50.00 support mark and lower trendline bounds near $46.52.
Today’s critical level to watch:
Support: $50.00
Resistance: $54.00, $59.00
Crude Oil: Trendline Breakdown Confirms New Lower Low Near $85.00
Crude oil faced intense selling pressure, breaking below its primary ascending trendline and printing a fresh lower low near the $85.00 ($85.02) support mark. The technical breakdown confirms that bears have taken control of short-term price direction. In the absence of strong bullish reversal signals, crude oil remains vulnerable to further downward expansion. Conversely, if price action manages to stall near $85.00 and form a bullish pattern, a temporary recovery bounce could unfold to retest broken resistance at $86.89 and $90.00.
Today’s critical level to watch:
Support: $85.00, $80.00
Resistance: $90.00, $95.00, $100.00, $110.00