Web Trader MT5 
Gold Technical Analysis
Gold remains in a strong short-term uptrend on the 1-hour chart. The market has advanced sharply from the $3,996 area and has established a clear sequence of higher highs and higher lows. The latest rally pushed gold to a new visible swing high around $4,371. The recent pullback has remained relatively shallow, suggesting that buyers are still defending the trend.
The short-term moving averages remain supportive. All three averages MA(5), MA(10), MA(20) are clustered around $4,335.
$4,372 is the immediate and most important resistance, corresponding to the recent swing high. A sustained break above $4,372 would strengthen the bullish structure and potentially open the way toward. A decisive hourly close above $4,372 would therefore provide a potential continuation signal.
The trend remains firmly bullish, but gold is approaching resistance and should ideally produce a confirmed breakout to maintain strong momentum.
Gold 1H Chart
Source: STARTRADER app | Gold remains firmly bullish on the hourly chart as it nears $4,400 resistance
| Resistance | $4,372 | $4,400 | $4,425 |
|---|---|---|---|
| Support | $4,313 | $4,295 | $4,275 |
Brent Technical Analysis
Brent crude is trading around $84.64. The recent price action indicates that the market is struggling to establish a sustained breakout above $86. The latest candles show some rejection around the upper part of the recent range, meaning that buyers are facing resistance.
The moving averages provide a moderately bullish short-term bias. Holding above $84.50–$84.60 would keep the short-term recovery structure intact. A renewed move above $85.80–$86.10 would be more convincing and could open the way toward $87.00–$87.50.
On the other hand, a sustained break below $84.50 would indicate that the latest recovery is losing momentum and could send prices back toward $83.50–$83.80, with the broader support area around $82.15–$82.20 becoming relevant afterward. Volume has declined during the most recent part of the recovery, suggesting that buying momentum has moderated. Therefore, the current bias is neutral-to-bullish above $84.50, but Brent needs a decisive break above $86 to confirm another bullish leg.
Brent 1H Chart
Source: STARTRADER app | Crude brent opens higher but remains pressured under $86
| Resistance | $85.80 | $87.00 | $88.10 |
|---|---|---|---|
| Support | $84.50 | $83.35 | $82.15 |
Nasdaq-100 Technical Analysis
The Nasdaq-100 remains in a strong bullish trend on the 1-hour chart, trading around 29,820 after recovering from the recent consolidation near 29,400. The broader structure continues to show higher highs and higher lows.
Price is above all three averages MA(5), MA(10), MA(20), and the shorter-term averages are positioned above the longer-term average, confirming positive momentum. The immediate resistance is the psychological 30,000 level. A sustained breakout above 30,000 could therefore generate another bullish leg toward the 30,200 area.
On the downside, 29,775–29,800 is the first short-term support zone, followed by 29,700. A deeper correction could bring the index toward 29,380, which represents the most important recent consolidation support area. The technical bias remains bullish while price holds above 29,700, with a breakout above 30,000 likely to reinforce the upside momentum.
Nasdaq-100 1H Chart
Source: STARTRADER app | Nasdaq-100 continues to advance higher as it nears previous record high
| Resistance | 29,952 | 30,00 | 30,200 |
|---|---|---|---|
| Support | 29,750 | 29,670 | 29,550 |
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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