Web Trader MT5 
Gold Technical Analysis
Gold remains under significant bearish pressure despite a modest rebound from the recent low at $4,050. The broader trend continues to favor sellers. Although buyers have managed to push prices slightly higher from support, gold remains below the 20-period moving average, keeping the overall short-term trend negative.
The market is attempting to build a short-term base, but confirmation of a meaningful reversal is still lacking. Until higher highs begin to form, the recovery should be viewed as a counter-trend bounce.
Gold remains bearish overall, but short-term selling momentum is beginning to ease. A sustained move above $4,118 could trigger a deeper recovery toward $4,150–$4,170. However, failure to break higher would likely attract renewed selling pressure, with a break below $4,050 exposing the key $4,000 psychological level.
Gold 1H Chart
| Resistance | $4,118 | $4,176 | $4,200 |
| Support | $4,000 | $3,947 | $3,900 |
Brent Technical Analysis
Brent crude remains in a strong downtrend. Price continues to print lower highs and lower lows, while all major moving averages are sloping downward and maintaining a bearish alignment.
The market recently recorded a fresh low at $76.04, confirming that sellers remain firmly in control. The inability of buyers to generate any meaningful rebound highlights the strength of the bearish momentum.
The decline from the $83.66 spike high has evolved into a well-defined bearish channel. Every recovery attempt has been rejected near the moving averages, which are acting as dynamic resistance.
The overall outlook remains bearish. As long as price remains below $77.60, rallies are likely to attract fresh selling pressure. A break below $76.04 could accelerate losses toward $75.50 and potentially $75.00.
Brent 1H Chart
| Resistance | $77.60 | $79.00 | $80.00 |
| Support | $75.50 | $75.00 | $74.68 |
S&P 500 Technical Analysis
The S&P 500 remains under short-term bearish pressure. Price remains below the declining 20-period moving average, suggesting that sellers still maintain control of the broader short-term trend.
The moving averages remain negatively aligned, with the MA20 positioned above the shorter-term averages. However, the MA5 and MA10 have begun flattening, indicating that downside momentum is slowing and a potential base is forming.
The recent selloff created a sequence of lower highs and lower lows. However, after reaching 7,365, buyers stepped in aggressively, preventing further downside extension.
The short-term bias remains cautiously bearish while below 7,460. A break above that level would signal stronger recovery potential toward 7,520–7,560. Conversely, a break below 7,365 would likely restart the downward move toward 7,300.
S&P 500 1H Chart
| Resistance | 7,460 | 7,500 | 7,600 |
| Support | 7,365 | 7,300 | 7,231 |
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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