Web Trader MT5 
Gold Technical Analysis
Gold has transitioned from a strong recovery into a consolidation phase after rebounding sharply from the $3,959 low. Price is now fluctuating around the 20-period moving average, suggesting bullish momentum has slowed. The moving averages have converged, indicating the market is awaiting fresh direction.
After reaching the $4,090 area, gold has failed to extend its gains and is now forming a tight consolidation pattern. The inability to establish higher highs reflects weakening buying momentum, although buyers continue to defend support above $4,040.
Gold remains in a short-term consolidation. A break above $4,090–$4,120 would strengthen the recovery toward $4,160, while a break below $4,040 would increase the risk of another decline toward $4,000 and potentially the recent low at $3,959.
Gold 1H Chart
| Resistance | $4,075 | $4,100 | $4,145 |
| Support | $4,039 | $3,980 | $3,958 |
Brent Technical Analysis
Brent crude remains under bearish pressure despite stabilizing near recent lows. Price is trading around the 5, 10 and 20-period moving averages. The longer-term trend remains negative, with the 20-period MA still flattening after an extended decline.
Following the sharp selloff, Brent has entered a sideways consolidation between approximately $71.60 and $73.80. Buyers have repeatedly defended the $71.60 support zone, but upside attempts continue to fade beneath nearby resistance. The compressed moving averages indicate weakening momentum and increasing indecision.
The market remains neutral-to-bearish in the short term. A sustained move above $73.80 could encourage a recovery toward $74.60, while a break below $71.63 would likely resume the broader downtrend toward $71.00 and $70.00.
Brent 1H Chart
| Resistance | $74.60 | $75.50 | $77.00 |
| Support | $71.63 | $71.00 | $70.00 |
Dow Jones Technical Analysis
Dow Jones remains in a constructive short-term uptrend despite recent consolidation. Price continues to trade above the 20-period moving average, while the 5-period MA has crossed back above the 10-period MA, indicating improving bullish momentum.
The moving averages have begun to flatten after last week’s advance, suggesting the market is entering a period of consolidation before attempting its next directional move.
The short-term bias remains bullish while price holds above 52,100. A breakout above 52,817 would confirm trend continuation and expose fresh record highs, while a break below 51,900 could trigger a deeper corrective move toward 51,400.
Dow Jones 1H Chart
| Resistance | 52,300 | 52,817 | 53,000 |
| Support | 51,900 | 51,670 | 51,400 |
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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