Web Trader MT5 
Copper Technical Analysis
Copper continues to display a strong bullish structure, trading around $6.72 after steadily climbing from the recent low near 6.36.
The moving averages MA(5), MA(10) and MA(20) remain bullishly aligned. Price remains comfortably above all three averages, while the MA20 continues to slope upward. This confirms that buyers remain in control despite the small pullback from the recent high.
The main resistance is around $6.73, followed by the psychological $6.75 level. A decisive break above $6.73 could extend the rally toward $6.80. On the downside, $6.66 is the first support, followed by $6.62. A deeper correction could target $6.53. Overall, the bias remains bullish above $6.62, with the current pullback looking more like consolidation than a confirmed reversal.
Copper 1H Chart
Source: STARTRADER app | Copper jumps 1% as it nears previous record high
| Resistance | $6.75 | $6.87 | $6.92 |
|---|---|---|---|
| Support | $6.67 | $6.59 | $6.45 |
Gold Technical Analysis
Gold remains in a broadly bullish structure, but the short-term momentum has weakened significantly after the market failed to hold above the $4,696 high. Price is currently around $4,639, moving sideways around the $4,650 region after several attempts to regain upside momentum.
The moving averages MA(5), MA(10), and MA(20) are tightly clustered. This alignment reflects the current consolidation.
The immediate resistance is $4,670–$4,697, with a break above $4,697 potentially opening the way toward $4,715. On the downside, $4,630 is the first support, followed by $4,599 and the stronger $4,550 area. Overall, the bias is neutral-to-bullish, but gold needs to break back above $4,670 and eventually $4,697 to regain strong bullish momentum. A sustained break below $4,599 would signal a deeper correction.
Gold 1H Chart
Source: STARTRADER app | Gold prices correct to the downside after facing resistance around $4,700 level
| Resistance | $4,675 | $4,700 | $4,725 |
|---|---|---|---|
| Support | $4,606 | $4,576 | $4,524 |
Nasdaq 100 Technical Analysis
Nasdaq 100 is showing a sideways-to-bearish structure after failing to sustain the recovery from the recent low of 28,891. Price is currently around 29,184, with the latest rebound struggling near the 29,180–29,250 area. The market remains below the recent high of 29,474, keeping the short-term structure cautious.
The moving averages are mixed. Price has moved back above the shorter-term averages, but remains below the MA20.
The key resistance is around 29,212–29,250, followed by 29,355 and then 29,474. On the downside, 29,100–29,050 is the first important support zone, while a break below 28,891 would reinforce the bearish structure. Overall, the bias is neutral-to-bearish below 29,350, with a sustained break above that level needed to improve the outlook.
Nasdaq 100 1H Chart
Source: STARTRADER app | US indices trade sideways as investors await PCE inflation data
| Resistance | 29,333 | 29,452 | 29,598 |
|---|---|---|---|
| Support | 29,031 | 28,862 | 28,254 |
Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.
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