Web Trader MT5
Gold Technical Analysis
Gold has staged a significant recovery, rebounding sharply from its recent low of $3,870 and moving back above the important $4,000 psychological level. The latest price action shows a strong bullish impulse.
The moving averages have also turned decisively positive. Gold is trading above all three averages MA(5), MA(10), and MA(20). This bullish alignment confirms improving momentum and suggests that buyers have regained short-term control
Immediate resistance is located around $4,029–$4,044, followed by the $4,080 area. A decisive break above $4,044 could extend the recovery toward $4,080. On the downside, initial support stands around $4,000, followed by $3,985 and $3,960. A move back below $3,960 would weaken the bullish structure, while a break below $3,946 would suggest that the latest upward move is losing strength.
Gold 1H Chart
Source: STARTRADER app | Gold shows a strong recovery above $4,000
| Resistance | $4,044 | $4,080 | $4,120 |
|---|---|---|---|
| Support | $3,985 | $3,960 | $3,946 |
Brent Technical Analysis
Brent crude remains under pressure following its sharp decline from the recent high of $118.80. The sell-off accelerated toward $104.60, where buyers emerged and triggered a recovery. However, the rebound has so far been relatively limited, with prices consolidating around the $107.50–$108.00 area.
Immediate resistance is located around $108.50, followed by $109.60 and $111.70. A sustained break above $109.60 would improve the recovery outlook and potentially open the way toward $111.70. On the downside, initial support stands around $107.50, followed by $106.20 and the recent low of $104.60. A break below $104.60 would reinforce the bearish trend and potentially expose Brent to further downside.
Brent 1H Chart
Source: STARTRADER app | Crude brent stabilizes after the recent sell-off
| Resistance | $109.60 | $110.34 | $111.70 |
|---|---|---|---|
| Support | $107.50 | $106.20 | $104.60 |
Nasdaq Technical Analysis
The Nasdaq 100 remains under significant selling pressure, although the latest price action suggests an attempt to stabilize following the sharp correction. The index recently broke below the 28,000 psychological level, reaching an intraday low of 27,513, before attracting buying interest and recovering toward 28,125. This rebound indicates that buyers are attempting to defend the market, but it is still too early to consider it a confirmed reversal.
Immediate resistance is located around 28,150–28,200, followed by 28,445 and 28,997. A sustained move above 28,200 would strengthen the recovery scenario, while a break above 28,445 would provide a more meaningful improvement in the technical outlook. On the downside, immediate support stands around 27,900, followed by the recent low at 27,513. A break below this level could expose the index to further losses toward 27,340.
Nasdaq 1H Chart
Source: STARTRADER app | despite the recent recovery, Nasdaq remains under clear pressure
| Resistance | 28,200 | 28,445 | 28,997 |
|---|---|---|---|
| Support | 27,900 | 27,513 | 27,340 |
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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