diff --git a/src/domain/markdown/code-ranges.ts b/src/domain/markdown/code-ranges.ts
new file mode 100644
index 00000000..066076ed
--- /dev/null
+++ b/src/domain/markdown/code-ranges.ts
@@ -0,0 +1,19 @@
+import { fromMarkdown } from "mdast-util-from-markdown";
+import { visit } from "unist-util-visit";
+
+export type MarkdownCodeRange = readonly [start: number, end: number];
+
+export function markdownCodeRanges(markdown: string): MarkdownCodeRange[] {
+  const ranges: MarkdownCodeRange[] = [];
+  visit(fromMarkdown(markdown), (node) => {
+    if (node.type !== "code" && node.type !== "inlineCode") return;
+    const start = node.position?.start.offset;
+    const end = node.position?.end.offset;
+    if (start !== undefined && end !== undefined) ranges.push([start, end]);
+  });
+  return ranges;
+}
+
+export function markdownCodeRangeContainsOffset(ranges: readonly MarkdownCodeRange[], offset: number): boolean {
+  return ranges.some(([start, end]) => offset >= start && offset < end);
+}
diff --git a/src/features/chat/application/composer/wikilink-context.ts b/src/features/chat/application/composer/wikilink-context.ts
index 61c57774..960d0a4b 100644
--- a/src/features/chat/application/composer/wikilink-context.ts
+++ b/src/features/chat/application/composer/wikilink-context.ts
@@ -8,6 +8,7 @@ import {
   type SkillReference,
   type VaultFileReference,
 } from "../../../../domain/chat/input";
+import { type MarkdownCodeRange, markdownCodeRangeContainsOffset, markdownCodeRanges } from "../../../../domain/markdown/code-ranges";
 import {
   type ActiveNoteContextReference,
   type ComposerContextReferences,
@@ -43,10 +44,11 @@ interface PreparedComposerInputOptions {
   referenceActiveNoteOnSend: boolean;
 }
 
-function parsedWikiLinks(text: string): ParsedWikiLink[] {
+function parsedWikiLinks(text: string, codeRanges: readonly MarkdownCodeRange[]): ParsedWikiLink[] {
   const links: ParsedWikiLink[] = [];
   const seen = new Set<string>();
   for (const match of text.matchAll(WIKILINK_PATTERN)) {
+    if (markdownCodeRangeContainsOffset(codeRanges, match.index)) continue;
     const rawValue = match[1];
     if (rawValue === undefined) continue;
     const raw = rawValue.trim();
@@ -67,14 +69,15 @@ export function preparedUserInputWithWikiLinkReferencesSkillsAndContext(
   contextReferences: ComposerContextReferences,
   options: PreparedComposerInputOptions,
 ): PreparedComposerInput {
-  const contextReplacement = textWithContextReferences(text, contextReferences);
+  const codeRanges = markdownReferenceCodeRanges(text);
+  const contextReplacement = textWithContextReferences(text, contextReferences, codeRanges);
   const resolvedText = contextReplacement.text;
   const fileReferences: VaultFileReference[] = [];
   const wikilinkReferences: ObsidianReference[] = [];
   const seenPaths = new Set<string>();
   const activeNoteSnapshots = contextReferences.activeNoteSnapshots ?? [];
 
-  for (const link of parsedWikiLinks(resolvedText)) {
+  for (const link of parsedWikiLinks(resolvedText, codeRanges)) {
     const fileReference = activeNoteFileReferenceForLink(link, activeNoteSnapshots) ?? resolveFileReference(link.target);
     if (!fileReference || seenPaths.has(fileReference.path)) continue;
     seenPaths.add(fileReference.path);
@@ -94,7 +97,7 @@ export function preparedUserInputWithWikiLinkReferencesSkillsAndContext(
   const skillByName = firstEnabledSkillByName(skills);
   const resolvedSkills: SkillReference[] = [];
   const seenSkillPaths = new Set<string>();
-  for (const reference of parsedSkillReferences(resolvedText)) {
+  for (const reference of parsedSkillReferences(resolvedText, codeRanges)) {
     const skill = skillByName.get(reference.toLowerCase());
     if (!skill || seenSkillPaths.has(skill.path)) continue;
     seenSkillPaths.add(skill.path);
@@ -120,19 +123,24 @@ function activeNoteFileReferenceForLink(link: ParsedWikiLink, snapshots: readonl
 function textWithContextReferences(
   text: string,
   contextReferences: ComposerContextReferences,
+  codeRanges: readonly MarkdownCodeRange[],
 ): { text: string; selections: SelectionContextReference[] } {
   return {
     text,
-    selections: selectionsReferencedByText(text, contextReferences.selectionSnapshots ?? []),
+    selections: selectionsReferencedByText(text, contextReferences.selectionSnapshots ?? [], codeRanges),
   };
 }
 
-function selectionsReferencedByText(text: string, snapshots: readonly SelectionContextReference[]): SelectionContextReference[] {
+function selectionsReferencedByText(
+  text: string,
+  snapshots: readonly SelectionContextReference[],
+  codeRanges: readonly MarkdownCodeRange[],
+): SelectionContextReference[] {
   const selections: SelectionContextReference[] = [];
   const seen = new Set<string>();
   for (const snapshot of snapshots) {
     const marker = selectionContextReferenceMarker(snapshot);
-    if (!text.includes(marker) || seen.has(marker)) continue;
+    if (!includesOutsideMarkdownCode(text, marker, codeRanges) || seen.has(marker)) continue;
     seen.add(marker);
     selections.push(snapshot);
   }
@@ -200,10 +208,12 @@ function excerptLines(references: readonly (ObsidianReference & { excerpt: strin
   });
 }
 
-function parsedSkillReferences(text: string): string[] {
+function parsedSkillReferences(text: string, codeRanges: readonly MarkdownCodeRange[]): string[] {
   const references: string[] = [];
   const seen = new Set<string>();
   for (const match of text.matchAll(SKILL_REFERENCE_PATTERN)) {
+    const prefix = match[1] ?? "";
+    if (markdownCodeRangeContainsOffset(codeRanges, match.index + prefix.length)) continue;
     const name = match[2];
     if (name === undefined) continue;
     const key = name.toLowerCase();
@@ -214,6 +224,19 @@ function parsedSkillReferences(text: string): string[] {
   return references;
 }
 
+function markdownReferenceCodeRanges(text: string): MarkdownCodeRange[] {
+  return text.includes("[[") || text.includes("$") ? markdownCodeRanges(text) : [];
+}
+
+function includesOutsideMarkdownCode(text: string, value: string, codeRanges: readonly MarkdownCodeRange[]): boolean {
+  let index = text.indexOf(value);
+  while (index >= 0) {
+    if (!markdownCodeRangeContainsOffset(codeRanges, index)) return true;
+    index = text.indexOf(value, index + value.length);
+  }
+  return false;
+}
+
 function parseWikiLink(raw: string): ParsedWikiLink | null {
   const trimmed = raw.trim();
   if (!trimmed) return null;
diff --git a/src/features/chat/domain/thread-stream/format/user-message-text.ts b/src/features/chat/domain/thread-stream/format/user-message-text.ts
index 2e2a66c3..2e8ff414 100644
--- a/src/features/chat/domain/thread-stream/format/user-message-text.ts
+++ b/src/features/chat/domain/thread-stream/format/user-message-text.ts
@@ -1,4 +1,5 @@
-type TextRange = [number, number];
+import { markdownCodeRangeContainsOffset, markdownCodeRanges } from "../../../../../domain/markdown/code-ranges";
+
 interface UserMessageDisplayInputItem {
   type: string;
   name?: string;
@@ -12,7 +13,7 @@ export function userMessageDisplayText(text: string, input: readonly UserMessage
   const codeRanges = markdownCodeRanges(text);
   return text.replace(pattern, (match: string, prefix: string, name: string, offset: number) => {
     const dollarIndex = offset + prefix.length;
-    return isIndexInRanges(dollarIndex, codeRanges) ? match : `${prefix}${markdownCodeSpan(`$${name}`)}`;
+    return markdownCodeRangeContainsOffset(codeRanges, dollarIndex) ? match : `${prefix}${markdownCodeSpan(`$${name}`)}`;
   });
 }
 
@@ -36,64 +37,6 @@ function markdownCodeSpan(text: string): string {
   return `${delimiter} ${text} ${delimiter}`;
 }
 
-function markdownCodeRanges(text: string): TextRange[] {
-  return [...markdownFenceRanges(text), ...markdownInlineCodeRanges(text)].sort((a, b) => a[0] - b[0]);
-}
-
-function markdownFenceRanges(text: string): TextRange[] {
-  const ranges: TextRange[] = [];
-  let active: { marker: string; start: number } | null = null;
-  let offset = 0;
-  for (const line of text.matchAll(/[^\n]*(?:\n|$)/g)) {
-    const value = line[0];
-    if (value.length === 0) break;
-    const fence = /^(?: {0,3})(`{3,}|~{3,})/.exec(value);
-    if (fence) {
-      const marker = fence[1];
-      if (!marker) continue;
-      if (!active) {
-        active = { marker, start: offset };
-      } else if (marker.startsWith(active.marker.charAt(0)) && marker.length >= active.marker.length) {
-        ranges.push([active.start, offset + value.length]);
-        active = null;
-      }
-    }
-    offset += value.length;
-  }
-  if (active) ranges.push([active.start, text.length]);
-  return ranges;
-}
-
-function markdownInlineCodeRanges(text: string): TextRange[] {
-  const ranges: TextRange[] = [];
-  const fenceRanges = markdownFenceRanges(text);
-  let index = 0;
-  while (index < text.length) {
-    if (isIndexInRanges(index, fenceRanges) || text[index] !== "`") {
-      index += 1;
-      continue;
-    }
-    const match = /`+/.exec(text.slice(index));
-    if (!match) {
-      index += 1;
-      continue;
-    }
-    const delimiter = match[0];
-    const end = text.indexOf(delimiter, index + delimiter.length);
-    if (end < 0) {
-      index += delimiter.length;
-      continue;
-    }
-    ranges.push([index, end + delimiter.length]);
-    index = end + delimiter.length;
-  }
-  return ranges;
-}
-
-function isIndexInRanges(index: number, ranges: readonly TextRange[]): boolean {
-  return ranges.some(([start, end]) => index >= start && index < end);
-}
-
 function escapeRegExp(value: string): string {
   return value.replace(/[\\^$.*+?()[\]{}|]/g, "\\$&");
 }
diff --git a/tests/features/chat/app-server/mappers/thread-stream.test.ts b/tests/features/chat/app-server/mappers/thread-stream.test.ts
index 4246bfae..454f7b4c 100644
--- a/tests/features/chat/app-server/mappers/thread-stream.test.ts
+++ b/tests/features/chat/app-server/mappers/thread-stream.test.ts
@@ -278,7 +278,19 @@ describe("turn item conversion preserves app-server semantics", () => {
       content: [
         {
           type: "text",
-          text: "Use `$obsidian-codex-panel-maintain`.\n\n```\n$obsidian-codex-panel-maintain\n```\n\nThen $obsidian-codex-panel-maintain.",
+          text: [
+            "Use `$obsidian-codex-panel-maintain`.",
+            "",
+            "```text",
+            "$obsidian-codex-panel-maintain",
+            "```not-a-closing-fence",
+            "$obsidian-codex-panel-maintain",
+            "```",
+            "",
+            "    $obsidian-codex-panel-maintain",
+            "",
+            "Then $obsidian-codex-panel-maintain.",
+          ].join("\n"),
           text_elements: [],
         },
         { type: "skill", name: "obsidian-codex-panel-maintain", path: "/skills/obsidian-codex-panel-maintain/SKILL.md" },
@@ -286,7 +298,19 @@ describe("turn item conversion preserves app-server semantics", () => {
     };
 
     expect(threadStreamItemFromTurnItem(item)).toMatchObject({
-      text: "Use `$obsidian-codex-panel-maintain`.\n\n```\n$obsidian-codex-panel-maintain\n```\n\nThen `$obsidian-codex-panel-maintain`.",
+      text: [
+        "Use `$obsidian-codex-panel-maintain`.",
+        "",
+        "```text",
+        "$obsidian-codex-panel-maintain",
+        "```not-a-closing-fence",
+        "$obsidian-codex-panel-maintain",
+        "```",
+        "",
+        "    $obsidian-codex-panel-maintain",
+        "",
+        "Then `$obsidian-codex-panel-maintain`.",
+      ].join("\n"),
     });
   });
 
diff --git a/tests/features/chat/application/composer/wikilink-context.test.ts b/tests/features/chat/application/composer/wikilink-context.test.ts
index fd3f8547..59d00dab 100644
--- a/tests/features/chat/application/composer/wikilink-context.test.ts
+++ b/tests/features/chat/application/composer/wikilink-context.test.ts
@@ -170,6 +170,79 @@ describe("wikilink context", () => {
     ]);
   });
 
+  it("does not resolve wikilinks or skills written as Markdown code", () => {
+    const text = [
+      "Use [[Visible]] and $Visible.",
+      "",
+      "`[[Inline]] $Inline`",
+      "",
+      "```text",
+      "[[Fenced]] $Fenced",
+      "```",
+      "",
+      "    [[Indented]] $Indented",
+    ].join("\n");
+    const skills = ["Visible", "Inline", "Fenced", "Indented"].map(
+      (name) =>
+        ({
+          name,
+          description: name,
+          path: `/skills/${name.toLowerCase()}/SKILL.md`,
+          scope: "repo",
+          enabled: true,
+        }) as never,
+    );
+
+    const input = userInputWithWikiLinkReferencesAndSkills(text, (target) => ({ name: target, path: `${target}.md` }), skills);
+
+    expect(input).toEqual([
+      { type: "text", text },
+      { type: "fileReference", name: "Visible", path: "Visible.md" },
+      { type: "skill", name: "Visible", path: "/skills/visible/SKILL.md" },
+      wikilinkContext("- [[Visible]] -> Visible.md"),
+    ]);
+  });
+
+  it("does not attach selection snapshots referenced only inside Markdown code", () => {
+    const text = "```text\n[[Alpha]] (L42:C5-L47:C1)\n```";
+    const prepared = preparedUserInputWithWikiLinkReferencesSkillsAndContext(
+      text,
+      () => null,
+      [],
+      {
+        activeNote: null,
+        selection: null,
+        selectionSnapshots: [
+          {
+            name: "Alpha",
+            path: "notes/Alpha.md",
+            linktext: "Alpha",
+            range: { from: { line: 41, ch: 4 }, to: { line: 46, ch: 0 } },
+            text: "selected text",
+          },
+        ],
+      },
+      { referenceActiveNoteOnSend: false },
+    );
+
+    expect(prepared.input).toEqual([{ type: "text", text }]);
+  });
+
+  it("keeps raw Obsidian wikilinks intact when CommonMark would split their contents", () => {
+    const text = "Read [[A *strange* note]].";
+    const input = userInputWithWikiLinkReferencesAndSkills(
+      text,
+      (target) => (target === "A *strange* note" ? { name: target, path: "notes/Strange.md" } : null),
+      [],
+    );
+
+    expect(input).toEqual([
+      { type: "text", text },
+      { type: "fileReference", name: "A *strange* note", path: "notes/Strange.md" },
+      wikilinkContext("- [[A *strange* note]] -> notes/Strange.md"),
+    ]);
+  });
+
   it("leaves bare context references as raw text", () => {
     const text = "整理して @active and @selection";
     const prepared = preparedUserInputWithWikiLinkReferencesSkillsAndContext(