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The Rise Of STARTRADER

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The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

Today Technical Analysis: Gold faces resistance at $4,000 as previous gains remain capped

July 20, 2026, 07:01

Gold Technical Analysis

Gold is consolidating around the $4,000 psychological level after recovering from the recent low at $3,959. Price is trading close to the 20-hour moving average, while the 5 and 10-hour MAs have started to flatten, indicating a loss of bearish momentum and a neutral short-term outlook.

Immediate resistance is located at $4,030, followed by $4,073. Initial support is found at $3,990, with stronger support at $3,960. A break above $4,030 could trigger further upside toward $4,073, while a move below $3,990 would increase the risk of another decline toward $3,960.

Gold 1H Chart

Resistance$4,073$4,100$4,125
Support$3,960$3,934$3,900

Brent Technical Analysis

Brent crude remains firmly bullish after extending its rally above $90.00, with price trading well above the 5, 10, and 20-hour moving averages. The alignment of the moving averages confirms strong upward momentum, although the recent consolidation suggests the market may pause before the next move.

Immediate resistance is located at $91.30, followed by $92.80. Initial support is seen at $89.70, with stronger support around $88.10. A break above $91.30 would reinforce the bullish trend, while a drop below $89.70 could trigger a short-term pullback.

Brent 1H Chart

Resistance$91.30$92.80$94.00
Support$89.70$88.10$87.26

EURUSD Technical Analysis

EUR/USD remains range-bound around 1.1435, with price trading close to all three moving averages. The flattening of the 5, 10, and 20-hour MAs reflects weak momentum and the absence of a clear short-term trend.

Immediate resistance is located at 1.1450, followed by 1.1482. Initial support is found at 1.1425, with stronger support at 1.1400. A break above 1.1450 could encourage further gains toward 1.1482, while a move below 1.1425 would expose the pair to renewed selling pressure.

EURUSD 1H Chart

Resistance1.14501.14821.1500
Support1.14001.13651.1327

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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