Commodities

Gold is currently finding support along its June-to-December uptrend line, with Monday’s low at $2,596.00 per troy ounce acting as a temporary floor. Despite this bounce, the precious metal is unlikely to surpass last week’s high of $2,639.00 before the year ends.

Technical resistance is expected near the 55-day simple moving average (SMA) at $2,664.00, while support below Monday’s low aligns with the December low of $2,584.00. As long as this level holds, gold is likely to continue range-bound trading; however, a break could draw attention toward the November low at $2,537.00.

Meanwhile, Brent crude oil front-month futures are approaching the upper boundary of their November-to-December sideways range between $74.18 and $76.16 per barrel. This key resistance zone may limit further gains through year-end, suggesting that traders could see consolidation in the near term unless significant market catalysts emerge. Investors should monitor these levels closely, as both gold and oil are poised to set the tone for early 2026 trading.