Web Trader MT5 
Gold Technical Analysis
After falling to a low near $4,448, gold staged a strong recovery and has successfully broken back above its key moving averages. The 5-period moving average has crossed above the 10-period moving average, while price has also reclaimed the 20-period moving average. These developments suggest that bullish momentum is returning after a period of consolidation and weakness.
The market is now approaching an important resistance zone between $4,545 and $4,555, which will likely determine whether the recovery can extend further.
If gold manages to break above $4,555, the next targets would be the recent high at $4,595 and then the major resistance area around $4,611. On the downside, support is located at $4,510, followed by the 20-period moving average near $4,490 and then the major swing low at 4,448. Overall, the short-term outlook remains bullish, with momentum favoring additional gains as long as price remains above the $4,510 support zone.
Gold 1H Chart
| Resistance | $4,561 | $4,600 | $4,646 |
| Support | $4,971 | $4,462 | $4,437 |
Brent Technical Analysis
Brent crude oil has shifted into a neutral phase after failing to sustain gains above the psychologically important $100 level. The strong rally that pushed prices to $100.05 was followed by a sharp rejection, indicating that buyers were unable to maintain momentum at elevated levels. Since then, price has slipped below the short term moving averages and is now trading near the 20-period moving average, which is beginning to act as dynamic resistance.
The structure of the chart suggests that the market is undergoing a corrective phase following a geopolitical driven surge.
Immediate support is located near $96.20, followed by $95.50 and then $94.00. Resistance levels are found at $97.20, $98.50, and the major psychological barrier at 100.05. For now, Brent appears vulnerable to additional consolidation or further retracement unless fresh geopolitical developments provide a new catalyst.
Brent H Chart
| Resistance | $97.20 | $98.50 | $100.00 |
| Support | $96.20 | $95.50 | $94.00 |
Nasdaq 100 Technical Analysis
The NASDAQ 100 remains in a broader bullish trend despite the recent correction from the 30,672 high. Price continues to trade above the 5-period, 10-period, and 20-period moving averages, which remain positively aligned and indicate that buyers are still in control of the medium term trend. Following the pullback, the index found support around the 30,320-30,350 area, where buyers stepped back into the market and prevented a deeper decline.
From a price action perspective, the market has established a recent swing low at 30,326 and has since recovered toward 30,516. This rebound suggests that the correction may have been a healthy retracement.
If the index can close decisively above 30,550, the next upside targets are the recent high at 30,672 and then the 30,736 resistance area. On the downside, support is located at 30,450, followed by 30,326 and then 30,120. Overall, the short-term outlook remains moderately bullish as long as the recent swing low remains intact.
Nasdaq 100 Chart
| Resistance | 30,672 | 30,720 | 30,780 |
| Support | 30,263 | 30,190 | 30,054 |
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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