Web Trader MT5 
Gold Technical Analysis
Gold has shifted aggressively bullish after forming a solid base around the $4,500 support zone. This move confirms that buyers have regained short-term control after the earlier downtrend. The moving averages now reflect a classic bullish alignment, with MA5 above MA10 and both trading above the MA20, while the MA20 itself has started turning upward. This structure usually signals a transition from recovery into an established bullish trend.
The recent breakout above the previous resistance area near $4,580–$4,600 was significant because it invalidated the prior bearish structure and triggered momentum buying. Price is now trading near the highs of the move, showing very limited pullback pressure, which indicates strong underlying demand.
As long as price remains above the $4,620–$4,600 support zone, the bullish outlook remains dominant. A sustained break above $4,665 could open the path toward higher resistance levels around $4,680 and potentially $4,700. On the downside, a rejection from current levels combined with a drop back below $4,600 would weaken momentum and signal that the breakout may have become overextended in the short term.
Gold 1H Chart
| Resistance | $4,700 | $4,773 | $4,836 |
| Support | $4,605 | $4,546 | $4,500 |
Brent Technical Analysis
Oil continues to trade within a broader bearish structure after failing to maintain momentum above the $120 region. The rejection from $120.03 created a major turning point, followed by a steady sequence of lower highs and lower lows. Although the market is attempting to stabilize around the $112 area, the lack of strong bullish candles suggests buyers are still weak.
Price action around $112.30–$112.50 appears to be forming a temporary support zone, but the moving averages continue pointing lower.
For oil to shift bullish again, price would need to reclaim the $114.50–$115.20 resistance area and hold above it with stronger momentum. Until that happens, rallies may continue to attract selling pressure. If the $112 support breaks, the next downside targets could come near $111 and potentially the previous swing low around $110.40. Overall, the chart currently favors a bearish continuation unless a stronger reversal structure develops.
Brent 1H Chart
| Resistance | $114.67 | $115.35 | $117.22 |
| Support | $111.66 | $110.40 | $108.45 |
S&P 500 Technical Analysis
The SP500 remains in a strong bullish trend after recovering sharply from the 7,178 low. Since that reversal, the market has been consistently printing higher highs and higher lows while respecting the rising moving averages. Price is trading above the MA20 and the shorter-term moving averages maintaining upward momentum. The breakout toward 7,302 confirms continuation strength.
The 7,275–7,280 region is now acting as immediate support and remains critical for maintaining the bullish structure. As long as price stays above that area, buyers are likely to remain in control. A breakout above 7,302 could trigger another expansion higher toward fresh highs. On the bearish side, only a sustained move back below 7,260 and the moving average MA20 would suggest weakening momentum and open the possibility of a deeper correction.
S&P 500 1H Chart
| Resistance | 7,293 | 7,325 | 7,350 |
| Support | 7,272 | 7,240 | 7,190 |
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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