Web Trader MT5
Gold Technical Analysis
Gold is experiencing a sharp bearish correction, falling more than 3% on the session and trading around $4,154. The decline has pushed price decisively below the three moving averages MA5, MA10 and MA20, with all three averages now pointing lower.
The immediate support is around $4,152, the current low. A sustained break below this level could expose the $4,133 area. On the upside, the first resistance is around $4,195, followed by $4,255–4,275.
The technical picture is clearly bearish in the short term, with strong selling momentum and elevated volume. A meaningful recovery would require gold to first reclaim the $4,195–4,255 resistance zone.
Gold 1H Chart
Source: STARTRADER app | Gold falls below $4,200 on rising yields and rate hike expectations
| Resistance | $4,175 | $4,190 | $4,223 |
|---|---|---|---|
| Support | $4,140 | $4,100 | $4,054 |
Brent Technical Analysis
Brent remains technically bullish, trading around $105.25 and above all three moving averages. The recent recovery from the $103 area has pushed price back above the three moving averages MA5, MA10 and MA20, although momentum remains relatively subdued.
The main resistance is around $106.17, followed by the recent high at $108.37. Support is around $104.60, near the MA20, followed by $103.00.
As long as Brent holds above the $104–103 zone, the broader bullish structure remains intact. A break above $106.17 could open the way toward $108.37.
Brent 1H Chart
Source: STARTRADER app | Oil prices jump as US-Iran negotiations stall
| Resistance | $106.17 | $108.37 | $110.00 |
|---|---|---|---|
| Support | $103.20 | $102.23 | $101.18 |
S&P 500 Technical Analysis
The SP500 is showing short-term bearish pressure after failing to hold the recent recovery toward 7,787. Price is now around 7,720, below the three averages MA5, MA10 and MA20, with the moving averages beginning to turn lower.
Immediate support is around 7,683, followed by the recent low near 7,657. On the upside, 7,760–7,787 is the key resistance zone.
The current price action suggests a near-term corrective bias, with the 7,683–7,657 area important for determining whether the decline extends.
S&P 500 1H Chart
Source: STARTRADER app | S&P 500 falls as high energy prices weigh on the markets
| Resistance | 7,721 | 7,745 | 7,778 |
|---|---|---|---|
| Support | 7,693 | 7,674 | 7,661 |
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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