Web Trader MT5
Gold Technical Analysis
Gold is showing signs of stabilization after the sharp sell-off, trading around $4,141 after finding support near $4,111. The price has moved back above the three moving averages MA5, MA10 and MA20, which is a positive short-term indication, although the broader hourly structure remains damaged by the previous decline.
Immediate resistance is around $4,153, followed by $4,195. Support is around $4,111, followed by $4,092.
The recent sideways consolidation suggests that selling pressure has eased somewhat. A sustained break above $4,153–4,195 would strengthen the recovery case, while a break below $4,111 would signal renewed bearish momentum.
Gold 1H Chart
Source: STARTRADER app | Gold finds support at the $4,110 level, but the short-term bias remains to the downside
| Resistance | $4,160 | $4,200 | $4,245 |
|---|---|---|---|
| Support | $4,110 | $4,086 | $4,055 |
Brent Technical Analysis
Brent is showing short-term bearish pressure after failing to hold above the $106.75 area. Price has fallen to around $104.02 and is now below the three moving averages MA5, MA10 and MA20, with the short-term moving averages turning lower.
The key immediate support is around $104.00, followed by $102.07. On the upside, resistance is around $104.40–$105.00, followed by $106.75 and the recent high at $108.37.
The structure suggests a corrective move within the broader uptrend. Holding the $104 area could allow another recovery attempt, while a decisive break below $104 would increase downside pressure toward $102.
Brent 1H Chart
Source: STARTRADER app | Oil prices remain elevated with no signs of a resolution between the US and Iran
| Resistance | $104.40 | $105.00 | $106.75 |
|---|---|---|---|
| Support | $104.00 | $102.07 | $101.33 |
S&P 500 Technical Analysis
The S&P500 is showing a mixed-to-slightly bearish short-term structure after failing to sustain the recovery toward 7,760. Price is around 7,695, sitting just below the moving average MA20 at 7,695.59, while the MA5 and MA10 are beginning to turn higher.
Immediate support is around 7,678, followed by the stronger support zone near 7,657. On the upside, resistance is around 7,708–7,739, with the recent high at 7,760.
The recent rebound from 7,657 has improved the short-term picture, but a sustained break above 7,739–7,760 would be needed to confirm stronger bullish momentum. A break below 7,678 could reopen the downside toward 7,657.
S&P 500 1H Chart
Source: STARTRADER app | US indices face downward pressure on rising treasury yields
| Resistance | 7,739 | 7,760. | 7,800 |
|---|---|---|---|
| Support | 7,678 | 7,657 | 7,622 |
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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