Web Trader MT5 
S&P 500 Technical Analysis
The S&P 500 continues to show strong bullish momentum as it nears previous records. Price is trading above all key moving averages, with MA5 above MA10 and MA20, confirming a healthy upward trend. The move has been steady, which usually reflects strong institutional demand in the market.
The key resistance now sits at 6,985–7,000, an important psychological zone. A decisive break above 7,000 could open the door for fresh record highs and trend continuation. Support is seen at 6,960, followed by stronger support around 6,935. Unless price breaks below these zones, the bullish structure remains dominant. In the near term, some consolidation is possible after the sharp rally, but trend direction still favors buyers.
S&P 500 1H Chart
| Resistance | 6,985 | 7,000 | 7,050 |
| Support | 6,960 | 6,935 | 6,910 |
Gold Technical Analysis
Gold remains in a clear bullish structure on the 1-hour chart after rallying strongly since the begining of April. Price is holding above the moving average MA20, while MA5 and MA10 remain close to current price, showing that momentum is cooling but the broader short-term uptrend is still intact. The recent candles indicate sideways consolidation, which often happens after a strong impulsive move.
The immediate resistance remains $4,871–$4,890. A breakout above this zone could trigger another bullish extension toward psychological upside targets. On the downside, first support is located around $4,820, then stronger support near $4,800–$4,790, where moving averages are clustered. As long as price holds above those levels, dips may continue to be viewed as pullbacks within the trend. Overall bias remains bullish, but momentum has paused near resistance.
Gold 1H Chart
| Resistance | $4,850 | $4,871 | $5,000 |
| Support | $4,794 | $4,756 | $4,720 |
Brent Technical Analysis
Price of Brent Crude is attempting to stabilize after falling sharply from the $105.55 high to the $95.37 low since the start of the week. Although there is a small rebound in progress, prices still trade below the moving average MA20 on the hourly chart, and the moving averages continue to reflect broader downside pressure. This suggests the recent bounce is corrective until now.
Immediate resistance is located around $97.40–$97.60, where price is testing short-term averages. A break above this zone could allow a move toward $98.50–$99.00. However, if price fails here, sellers may re-enter and retest $95.40, with deeper downside risk toward $94.50.
Brent 1H Chart
| Resistance | $97.40 | $98.50 | $100.00 |
| Support | $95.40 | $94.50 | $92.00 |
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.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
