Gold Technical Analysis
Gold is resuming its uptrend after forming a base near the $4,270 support zone. Price has printed a series of higher highs and higher lows, signaling improving bullish structure.
Price is now trading above the moving averages MA(5) and MA(10), while the 30-period moving average is starting to flatten. The bullish crossover between the short-term averages indicates strengthening upside momentum. As long as price holds above the 30-period moving average, the near-term bias remains constructive. Immediate resistance is seen around $4,450 – $4,500, while 4,350 acts as first dynamic support.
Gold 1H Chart
| Resistance | $4,433 | $4,459 | $4,496 |
| Support | $4,397 | $4,371 | $4,340 |
EURUSD Technical Analysis
EURUSD is currently trading in short term bearish trend, characterized by lower highs and lower lows. The pair has recently broken below the 1.1700 psychological level, confirming renewed selling pressure and weakening bullish attempts seen earlier in the week.
Price is below all key moving averages (5, 10, and 30). This alignment confirms bearish trend control, and every intraday rally toward the moving averages is being met with selling interest. Immediate support lies near 1.1670, while resistance is now seen at around 1.1730–1.1750.
MACD is deeply negative. Until bullish divergence or a reclaim of the short-term averages occurs, EURUSD remains vulnerable to further declines.
EURUSD 1H Chart
| Resistance | 1.1703 | 1.1719 | 1.1730 |
| Support | 1.1672 | 1.1646 | 1.1627 |
Brent Technical Analysis
Oil continues to trade within a broader corrective downtrend, despite a short-term bounce from the $60.40 support area last week. The overall structure remains bearish, with price failing to establish higher highs and repeatedly facing rejection near declining resistance levels.
The moving averages reinforce this bearish bias. Price is currently below the 30-period moving average, while the shorter moving averages are struggling to sustain upward momentum. The $61.20 – $61.50 region now acts as near-term resistance, while a break below $60.40 would expose further downside.
MACD remains below the zero line. This indicates that bearish momentum is easing slightly, but not enough to signal a trend reversal. Unless oil reclaims and holds above the 30-period moving average, downside risks remain dominant.
Brent 1H Chart
| Resistance | $60.59 | $60.88 | $61.14 |
| Support | $59.93 | $59.60 | $59.12 |
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.