Web Trader MT5 
Gold Technical Analysis
Gold remains in a corrective phase after failing to sustain its breakout above $4,100. The metal has retreated toward the $4,030-$4,040 support zone, where buyers are attempting to stabilize prices. The 5-hour moving average has crossed below the 10-hour moving average, while both shorter-term averages remain beneath the 20-hour moving average, indicating that bearish momentum still dominates in the near term. Although buyers have defended the recent lows, a stronger recovery is needed to shift sentiment back in favor of the bulls.
Immediate resistance is located at $4,060, followed by $4,100. Initial support is seen at $4,030, with stronger support around the recent swing low at $3,996. A break above 4,060 would indicate that bullish momentum is returning and could open the door for another test of $4,100, while a move below $4,030 would increase the probability of a retest of $3,996.
Gold 1H Chart
| Resistance | $4,100 | $4,130 | $4,175 |
| Support | $4,000 | $3,945 | $3,900 |
Dow Jones Technical Analysis
The Dow Jones remains under selling pressure after a sharp decline from the recent record high at 52,969. Despite the slight rebound, the index continues to trade below the declining 20-hour moving average, while the 5-hour and 10-hour moving averages remain below the longer-term average, confirming that the short-term trend is still bearish. The recent candles show reduced volatility, suggesting the market is attempting to stabilize, but buyers have yet to regain control.
Immediate resistance is located at 51,800, followed by the stronger resistance zone around 52,250, where previous support has turned into resistance. Initial support is found at 51,500, with a break below this level exposing the 51,350 area. A sustained move above 51,800 would signal improving momentum and could trigger a recovery toward 52,250, while failure to hold above 51,500 would reinforce the current downtrend.
Dow Jones 1H Chart
| Resistance | 51,900 | 52,235 | 52,670 |
| Support | 51,500 | 51,214 | 51,000 |
Brent Technical Analysis
Brent crude is attempting to recover after rebounding sharply from the recent low at $82.79, but the recovery remains fragile. Price briefly rallied above the 5-hour and 10-hour moving averages before losing momentum and pulling back. The 5-hour moving average has started to flatten, while the 10-hour moving average is turning lower, although both remain above the rising 20-hour moving average. This suggests that the immediate bearish pressure is easing, but buyers have not yet confirmed a sustained trend reversal.
Immediate resistance is located at $92.85, followed by the stronger resistance zone at $94.70. A break above this area would confirm improving bullish momentum and expose the next upside target near $97.80. On the downside, initial support is found at $87.50, with stronger support at $82.80, the recent swing low. A move below $85.80 would weaken the recovery and increase the risk of another decline toward $82.80.
Brent 1H Chart
| Resistance | $92.85 | $94.70 | $97.80 |
| Support | $87.50 | $85.50 | $82.80 |
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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