Web Trader MT5 
Gold Technical Analysis
Gold remains under strong bearish pressure on the 1-hour chart, with price currently trading around $4,322. Price is currently trading below the 5-hour, 10-hour and 20-hour moving averages, which are all positioned above the current price and continue to slope downward, reinforcing the bearish trend. The recent rebound remains limited and has yet to produce a meaningful reversal pattern.
From a technical perspective, $4,280–$4,300 is the key immediate support zone. A decisive break below $4,280 could expose gold to further downside toward $4,250, followed by the $4,200 psychological level. On the upside, $4,350–$4,365 represents the first important resistance area. A sustained break above this zone would be needed to weaken the current bearish setup, while $4,460 remains a much stronger resistance level.
Gold 1H Chart
Source: STARTRADER app | Selling pressure continues on gold as the precious metal falls below $4,300
| Resistance | $4,335 | $4,356 | $4,414 |
| Support | $4,281 | $4,255 | $4,210 |
Brent Technical Analysis
Brent crude continues to show a strong bullish trend on the 1-hour chart, with price trading around $96.91. The recovery has developed into a clear sequence of higher highs and higher lows.
The moving averages MA(5), MA(10), and M(20) are also strongly bullish. Although the very short-term averages have begun to flatten following the latest pullback, price remains above the 20-period average and well above the earlier breakout areas. The immediate resistance is around $98.32, followed by the $99.30 area. On the downside, $96.45–$96.50 provides initial support, while $95.50 is a more important technical support. A deeper correction could bring $92.40 into focus.
The overall bias remains bullish, although the market appears somewhat extended after the latest rally. A sustained break above $98.32 would confirm renewed buying pressure and could push Brent toward $99.30 and potentially the $100 psychological level. Conversely, a break below $95.50 would weaken the current bullish structure and increase the likelihood of a deeper pullback. For now, the trend remains firmly positive as long as price holds above the $95.50 region.
Brent 1H Chart
Source: STARTRADER app | Oil rises 2% with crude brent nearing the $100 level
| Resistance | $99.24 | $100.46 | $101.77 |
| Support | $97.20 | $96.20 | $94.51 |
S&P 500 Technical Analysis
The S&P 500 is trading around 7,631 on the 1-hour chart, extending its recent bearish correction after failing to hold above the 7,700 area.
The moving averages MA(5), MA(10), and MA(20) reinforce the bearish structure, with price trading below all three. Immediate resistance is around 7,640–7,645, followed by 7,652 and the psychological 7,700 level. On the downside, 7,620 is the key support, while a break below this level could open the way toward 7,600 and potentially lower.
Overall, the short-term outlook remains bearish while the index stays below 7,645–7,650. A sustained move back above this zone would improve the technical picture and could trigger a recovery toward 7,700. However, failure to reclaim the moving averages, followed by a break below 7,620, would strengthen the bearish momentum and signal the possibility of further downside.
S&P 500 1H Chart
Source: STARTRADER app | Correction deepens on the US Indices. S&P 500 falls for the foruth consecutive day
| Resistance | 7,640 | 7,657 | 7,671 |
| Support | 7,610 | 7,590 | 7,567 |
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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