Web Trader MT5 
Gold Technical Analysis
Gold is currently trading around $5,020 after dropping aggressively below the $5,000 region earlier in the session, where buyers stepped in and triggered a rebound.
The moving averages illustrate the shift in momentum. During the decline, the MA5 and MA10 crossed below the MA20 and MA30, confirming bearish momentum. However, the recent rebound has pushed the short-term averages upward again, with price attempting to move back above the MA20, indicating that short-term bullish momentum may be building.
Volume data confirms that the sharp sell-off toward $4,960s occurred with strong participation from sellers. The rebound that followed has been supported by moderate buying volume, suggesting that market participants are beginning to accumulate positions at lower levels.
From a technical perspective, the $5,020–$5,050 region represents the nearest resistance zone. A break above this area could allow gold to extend gains toward $5,080 and possibly $5,120. On the downside, $5,000 acts as immediate support, while the stronger structural support remains near $4,965, which marks the recent swing low.
Gold 1H Chart
| Resistance | $5,030 | $5,060 | $5,100 |
| Support | $4,980 | $4,945 | $4,900 |
DXY Technical Analysis
The US Dollar Index is currently trading above the critical 100 level, following a steady upward move that pushed the index toward the 100.25 high. The recent pullback from the 100.25 resistance area appears to be corrective, suggesting the market may be consolidating after the strong rally.
The moving averages confirm the bullish structure. The MA5 and MA10 remain above the MA20 and MA30, and the moving averages are aligned upward, which is typically a sign of a healthy uptrend. Even though price has slightly retraced, it continues to trade above the key short-term averages.
Recently, volume has begun to decline slightly during the consolidation phase, which suggests that the market may pause before attempting another directional move.
Technically, the 100.20–100.30 zone represents the nearest resistance, where the latest rejection occurred. A sustained break above this level could allow the index to extend gains toward 100.80 and possibly 101.00. On the downside, 99.80 acts as the first support, followed by the stronger support around 99.50, which corresponds to the previous consolidation area and the rising moving averages.
DXY 1H Chart
| Resistance | 100.40 | 100.54 | 10..80 |
| Support | 99.80 | 99.50 | 99.20 |
Brent Technical Analysis
Brent crude oil is currently trading around $105.00, continuing to show strength after a strong recovery from the $80.00 region last week.
The overall trend remains bullish on the hourly timeframe. The moving averages show a clear bullish alignment, with the MA5 and MA10 positioned above the MA20 and MA30, while the longer averages continue to slope upward. This structure confirms that the medium-term momentum still favors buyers.
Volume activity increased significantly during the initial rally phase, indicating strong bullish participation.
Technically, $105.80–$106.00 represents the key resistance zone, as it marks the recent swing high. A breakout above this level could open the path toward $108 and possibly $110 again. On the downside, $104 acts as the first support, while a deeper pullback could test $102, which aligns with the rising MA30 and previous consolidation levels.
Brent 1H Chart
| Resistance | $105.80 | $107.00 | $108.30 |
| Support | $104.20 | $102.66 | $101.50 |
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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