Web Trader MT5 
Gold Technical Analysis
Gold is showing clear short-term weakness on the 1-hour timeframe after failing to sustain gains above the $4,660 resistance area. The rejection from that level led to a shift in structure, with price now forming lower highs and lower lows. This is reinforced by the moving averages, where price has dropped below the MA10 and MA20, both starting to slope downward, signaling increasing bearish momentum.
The recent sell-off suggests that buyers have lost control in the short term, and the market is transitioning into a corrective or even impulsive bearish phase. As long as price remains below the $4,600–$4,615 resistance zone, downside pressure is likely to persist, with potential targets around $4,560 and $4,545. Only a strong reclaim above $4,620 would weaken the bearish outlook and suggest a possible recovery.
Gold 1H Chart
| Resistance | $4,625 | $4,660 | $4,700 |
| Support | $4,540 | $4,515 | $4,500 |
S&P 500 Technical Analysis
The S&P 500 remains in a broader bullish trend, but the 1-hour chart shows clear signs of consolidation after the recent upward move. Price has been moving sideways near the highs around 7,278, forming a tight range with decreasing momentum.
The moving averages are flattening, and price is hovering around them, which reflects indecision between buyers and sellers in the short term. Despite this consolidation, the overall structure remains bullish, as the market is still holding above key support levels. As long as price remains above the 7,190–7,210 zone. A breakout above 7,278 would likely trigger another bullish leg, while a break below 7,190 could lead to a deeper correction.
S&P 500 1H Chart
| Resistance | 7,278 | 7,300 | 7,350 |
| Support | 7,195 | 7,156 | 7,110 |
Brent Technical Analysis
Oil is currently attempting to recover after a notable correction from the $120.30 highs. The sharp drop toward the $110.40 level marked a short-term bearish phase, but recent price action shows a rebound with higher lows forming, indicating that buyers are stepping back in.
Price is now testing the moving averages, which are starting to flatten, suggesting a transition phase between bearish correction and potential bullish continuation. However, the structure is not fully bullish yet, as price still needs to break and hold above the $115.50–$116.50 resistance zone to confirm momentum recovery. If this breakout occurs, oil could resume its broader uptrend. On the downside, failure to hold above $113.00 could signal renewed weakness and continuation of the corrective move.
Brent 1H Chart
| Resistance | $116.50 | $118.30 | $120.32 |
| Support | $111.26 | $110.41 | $108.26 |
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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