Gold: Pushes Lower Toward Previous Swing Low as Bears Maintain Full Control
Gold continued its downward slide, pushing lower to test the previous swing low region near $3,870 – $3,900 amid sustained U.S. dollar strength and hawkish Federal Reserve rate expectations. Sellers remain in full control of market momentum, and price action is at high risk of printing a new lower swing low below $3,869.67. Should the breakdown accelerate, the next major downside targets sit at the 127.2% ($3,834.29) and 161.8% ($3,599.84) Fibonacci extension levels. On the upside, any minor corrective bounce is expected to face stiff resistance around $3,944.70 and the $4,000.00 ($4,018.60) psychological barrier.
Today’s critical levels to watch:
Support: $4,000, $3,900
Resistance: $4,250, $4,350
Silver: Under Pressure Near $50.00 Support; Breakdown Risks Persist
Silver remains under heavy bearish pressure, trading right at the critical $50.00 psychological support level. Price action is hovering precariously above recent lows, and a decisive breakdown below $50.00 that prints a new lower swing low below $48.58 will confirm further downside continuation. In that scenario, sellers will likely target the descending trendline and the -27.2% Fibonacci extension level near $46.52. On the upside, $54.00 remains the primary resistance cap keeping the broader bearish structure intact.
Today’s critical level to watch:
Support: $50.00
Resistance: $54.00, $59.00
Crude Oil: Bullish Reaction Near $85.00 Eyes $90.00 Resistance Test
Crude oil staged a bullish reaction from the support zone near $85.00 ($84.47 – $86.89), supported by renewed geopolitical uncertainty surrounding U.S.–Iran relations. If buyers sustain upward follow-through over the coming sessions, crude oil is positioned to test the $90.00 psychological resistance level. For the broader medium-term trend to turn bullish again, buyers will need to erase the recent breakdown losses and reclaim a position above $95.00 ($94.72) and the broken ascending trendline. Otherwise, failure to clear $90.00 could invite renewed selling pressure back toward $85.00 and $82.05.
Today’s critical level to watch:
Support: $85.00, $80.00
Resistance: $90.00, $95.00, $100.00, $110.00