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The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

Today Technical Analysis: Gold fails to hold above $4,100 with the Dollar index approaching its yearly high

July 28, 2026, 08:41

Gold Technical Analysis

Gold remains under pressure after failing to sustain gains above $4,090, retreating toward the $4,045 support area. Price is trading below the 20-hour moving average, while the 5 and 10-hour moving averages have crossed lower, reflecting weakening bullish momentum and increasing downside pressure.

Immediate resistance is located at $4,066, followed by $4,092. Initial support is found at $4,035, with stronger support around $4,022. Holding below $4,066 keeps the short-term outlook negative, while a break below $4,035 could accelerate losses toward $4,022.

Gold 1H Chart

Resistance$4,091$4,125$4,166
Support$4,021$4,000$3,975

Nasdaq-100 Technical Analysis

The Nasdaq remains under strong bearish pressure after breaking below the 28,000 support zone and extending its decline toward 27,712. Price is trading below the 5, 10, and 20-hour moving averages, which are all sloping downward, confirming sustained bearish momentum. Despite a brief intraday rebound, sellers continue to dominate.

Immediate resistance is located at 28,020, followed by 28,465. Initial support is seen at 27,712, with stronger support around 27,575. A break below 27,712 would confirm further downside toward 27,575, while a recovery above 28,020 would be needed to ease the current bearish pressure. Bias: Bearish.

Nasdaq-100 1H Chart

Resistance28,02028,47028,700
Support27,70027,57527,320

Brent Technical Analysis

Brent crude remains in a well-defined downtrend after reversing sharply from the $97.80 peak. Price continues to trade below the 5, 10, and 20-hour moving averages, with the moving averages maintaining a bearish alignment, indicating that selling momentum remains firmly in control.

Immediate resistance is located at $86.70, followed by $88.25. Initial support is seen at $85.80, with stronger support around $84.70. A break below $85.80 would reinforce the bearish trend and expose lower levels, while a move above $86.70 would be the first indication of a short-term recovery.

Brent 1H Chart

Resistance$88.40$90.25$91.70
Support$85.34$84.70$84.00

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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