Web Trader MT5 
Gold Technical Analysis
Gold remains in a strong short-term uptrend despite the current pullback from the recent high above $4,200. Price continues trading above the rising 20-period moving average, although the 5- and 10-period moving averages have crossed lower, indicating weakening near-term momentum.
The broader bullish structure remains intact. The short-term outlook remains bullish while gold holds above $4,120–$4,150. Buyers are likely to defend this support zone, and a rebound from current levels could pave the way for another test of 4,203. However, a decisive break below 4,120 would increase the likelihood of a deeper correction toward $4,075 and potentially the psychological 4,000 level.
Gold 1H Chart
| Resistance | $4,165 | $4,200 | $4,220 |
| Support | $4,135 | $4,100 | $4,075 |
Brent Technical Analysis
Brent has stabilized following its sharp decline toward $69.90, but the broader trend remains neutral-to-bearish. Price has recovered above both the 5- and 10-period moving averages and is attempting to hold around the 20-period MA, suggesting that bearish momentum has eased.
However, the recovery has yet to establish a convincing bullish trend.
After forming a higher low near $69.90, Brent rebounded into the $72.00 area before entering sideways consolidation. The moving averages have begun converging, reflecting improving momentum but also highlighting the lack of a clear directional breakout.
Brent is attempting to transition from a bearish trend into a consolidation phase. A sustained move above $72.20 could extend the recovery toward $72.80–$73.60, while failure to hold above 71.30 would likely shift momentum back in favor of sellers and expose $69.90 once again.
Brent 1H Chart
| Resistance | $72.25 | $73.15 | $75.00 |
| Support | $71.00 | $69.20 | $67.45 |
Dow Jones Technical Analysis
The Dow Jones remains in a well-established short-term uptrend despite entering a consolidation phase following the rally toward 53,155. Price continues trading above the rising 20-period moving average, while the 5- and 10-period moving averages have flattened around current prices, reflecting a pause rather than a reversal.
The overall structure remains constructive as buyers continue defending higher support levels.
Following the impulsive breakout from the 52,550 region, the index reached 53,155 before entering a narrow sideways range.
Importantly, price continues holding above the 20-period MA, preserving the sequence of higher highs and higher lows.
The short-term outlook remains bullish while price holds above 52,900–52,700. A breakout above 53,155 would likely resume the primary uptrend toward new record highs. Conversely, a break below 52,700 could trigger a corrective pullback toward 52,550, where buyers may look to re-enter.
Dow Jones 1H Chart
| Resistance | 53,155 | 53,270 | 53,400 |
| Support | 52,700 | 52,544 | 52,200 |
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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