Web Trader MT5 
Gold Technical Analysis
Gold is showing a short-term bearish corrective trend on the 1-hour chart. After reaching $4,696, the precious metal has formed a series of lower highs and lower lows. The key support is around $4,583, which corresponds to the recent low, followed by $4,573. On the upside, $4,606 is the immediate resistance, followed by $4,640, $4,674, and the major resistance around $4,697. The bias remains bearish below $4,606, with a break below $4,583 potentially opening the way toward $4,573. However, reclaiming $4,640 would weaken the bearish setup and could put $4,674–$4,697 back into focus.
Gold 1H Chart
Source: STARTRADER app | Gold’s uptrend momentum cools following hot PCE inflation numbers
| Resistance | $4,617 | $4,644 | $4,674 |
|---|---|---|---|
| Support | $4,583 | $4,563 | $4,541 |
EURUSD Technical Analysis
EURUSD has a neutral-to-bearish short-term bias on the 1-hour chart. The pair has been consolidating around the 1.1650 area after retreating from the 1.1675–1.1680 region, while price is currently trading slightly below the moving averages MA(5), MA(10), and MA(20), suggesting that momentum remains weak. The key support is at 1.1641, and a break below this level could expose 1.1638 and 1.1620. On the upside, 1.1662 is the first resistance, followed by 1.1675–1.1680. Overall, the bias remains bearish below 1.1662, while a sustained move above this level could signal a recovery toward the recent highs.
EURUSD 1H Chart
Source: STARTRADER app | EURUSD settles around 1.1650 as the the USD rebounds slightly
| Resistance | 1.1660 | 1.1675 | 1.1690 |
|---|---|---|---|
| Support | 1.1642 | 1.1621 | 1.1614 |
Copper Technical Analysis
Copper has a bearish short-term outlook, having reversed sharply from the $6.72 high. The price is now trading below the moving averages MA(5), MA(10), and MA(20), with the short-term moving averages also pointing lower, confirming weakening momentum. Immediate support is located around $6.51, followed by $6.48. On the upside, $6.55 represents the first resistance, while $6.62 and $6.69 are stronger barriers. The outlook remains bearish below $6.55, and a break below $6.51 could accelerate the decline toward $6.48. A recovery above $6.55 would indicate some stabilization.
Copper 1H Chart
Source: STARTRADER app | Copper retreates slightly after nearing its previous record highs
| Resistance | $6.70 | $6.73 | $6.77 |
|---|---|---|---|
| Support | $6.63 | $6.59 | $6.54 |
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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