Gold: Persistent Pressure Risks Breakdown Below $4,250
Gold is back under bearish pressure as price action struggles to generate sustained upward momentum. While the $4,250 level continues to serve as key support, each subsequent bounce has failed to produce new higher highs, increasing the risk of a downside breakdown. If sellers push the price below $4,250, the green box zone between $4,110 and $4,190 will become the primary support area to watch.
Today’s critical levels to watch:
Support: $4,350, $4,250, $4,000
Resistance: $4,500, $4,546, $4,700
Silver: Range-Bound Action Struggles to Form Higher Highs
Silver remains confined within the broader $64.00 – $70.00 trading range. Much like gold, recent bounces have lacked momentum and failed to mark higher highs, keeping the market vulnerable to downside pressure. Should the $64.00 support level fail to hold, attention will shift toward the lower green box support zones around $59.00 – $61.00.
Today’s critical level to watch:
Support: $64.00, $54.00, $50.00
Resistance: $70.00, $80.00, $83.91, $85.00, $100.00, $120.00
Crude Oil: Rebounds off $90.00 as Pullback Persists
Crude oil continued its bearish pullback before showing a quick bounce reaction right at the $90.00 handle. The price is attempting to build stability above this level for now. However, if bear pressure persists and forces a breakdown below $90.00, the major ascending trendline will be the ultimate support area to monitor for a potential bullish stance.
Today’s critical level to watch:
Support: $95.00, $90.00, $85.00, $80.00
Resistance: $100.00, $110.00