
Gold Technical Analysis
Gold remains in a broader bullish structure, but the latest price action shows short-term consolidation. After price surged aggressively toward the $4,630 area, it faced clear resistance and profit-taking, leading to a corrective move around $4,580–$4,600.
Price is still above the 30-period moving average, which confirms that the medium-term trend remains bullish. However, the faster moving averages MA(5) and MA(10) have started to flatten, suggesting loss of short-term momentum.
MACD has crossed lower, signaling bearish momentum divergence following the rally. As long as gold holds above the $4,550–$4,520 support zone, the bias remains largely bullish, with upside continuation likely if $4,630 is broken decisively.
Gold 1H Chart

| Resistance | $4,608 | $4,630 | $4,650 |
| Support | $4,561 | $4,535 | $4,520 |
S&P 500 Technical Analysis
S&P 500 displays a clear bullish market structure characterized by a series of higher highs and higher lows. The index is currently pushing toward fresh record highs as it reached 6,987 yesterday, inching closer to the 7,000 psychological mark.
Price action is consistently respecting the primary moving average MA(5), MA(10) and MA(30), reinforcing a strong structural uptrend.
MACD line recently crossed above the signal line, indicating positive momentum in the short term. However, broader analysis suggests a bearish divergence while prices are hitting new highs.
A decisive hourly close above 6,990 would likely trigger a spike toward the 7,050 . Conversely, a break below 6,910 would signal a deeper retracement toward the 6,800 range.
S&P 500 1H Chart

| Resistance | 6,986 | 6,993 | 7,000 |
| Support | 6,960 | 6,946 | 6,932 |
USDJPY Technical Analysis
USDJPY continues to trade within a strong bullish trend on the hourly chart, registering higher highs and higher lows, supported by rising moving averages. Price is firmly above the 30-period moving average, indicating strong trend momentum.
The recent breakout above the 158.50–158.70 resistance zone confirms trend continuation, with price now consolidating just below 159.00, a psychologically important level. This behavior typically signals bullish continuation, especially without aggressive rejection candles.
MACD shows a fresh bullish expansion. This confirms that momentum is re-accelerating, aligning with the bullish price structure. As long as USDJPY holds above 158.20–158.00, the pair remains structurally bullish, with 159.30–160.00 as the next upside targets.
USDJPY 1H Chart

| Resistance | 156.00 | 156.35 | 156.70 |
| Support | 158.51 | 158.20 | 147.75 |
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