The spot gold price remains bearish.

According to Economies.com analysts, the spot gold price is testing the key resistance level of $2,340.10 and is currently stable below it, maintaining a bearish trend scenario during the day and waiting to reach the 38.2% Fibonacci retracement level at $2,272.06. The price needs to break $2,324.00 to ease the task of advancing to the recommended target, while breaking $2,340.10 will stop the expected decline and guide the price to regain the main bullish trend. The expected trading range is between the support level of $2,310.00 and the resistance level of $2,345.00. Trend forecast: bearish.

The spot silver price remains cautious.

According to Economies.com analysts, the spot silver price opened strongly today, breaking $30.06 and attempting to stay above it, indicating an attempt to build a bullish trend and recover in the upcoming trading session. We tend to remain cautious until the price confirms its situation based on the mentioned levels to determine the next target. The stochastic indicator shows signs of losing its positive momentum, which may force the price to fall again. The expected trading range is between the support level of $29.65 and the resistance level of $30.60. Trend forecast: neutral.

WTI crude oil prices encountered solid resistance but remained bullish during the day.

According to Economies.com analysts, the WTI crude oil price successfully reached the level of $81.50 and encountered solid resistance, showing a slight bearish tendency by breaking through the $81.00 level. Waiting for positive motivation, which may help push the price to recover the bullish trend within the visible bullish channel on the chart, targeting extra gains, up to $82.25, and then $83.90. Breaking through $80.50 will stop the expected rise and may push the price to test the key support level of $79.55 before any new positive attempts. The expected trading range is between the support level of $79.70 and the resistance level of $82.60. Trend forecast: bullish.

Waiting for Brent crude oil prices to recover the bullish trend.

According to Economies.com analysts, Brent oil prices show some bearish tendency, approaching the key support level of $84.77. The stochastic indicator is emerging from its negative momentum and moving towards the oversold zone, waiting for the upcoming bullish trend. The main target of the bullish trend is $85.80, followed by the level of $87.67. EMA50 continues to support the recommended bullish trend, which is still valid unless the price falls below $84.77 and stays below it. The expected trading range is between the support level of $84.00 and the resistance level of $87.00. Trend forecast: bullish.