Web Trader MT5
Gold Technical Analysis
Gold is showing a strong short-term structure on the hourly chart although it has started to consolidate after its latest rally. The precious metal pushed toward $4,148 today, establishing a series of higher lows on the 1-hour chart. Price is currently around $4,121 and remains above the 20-hour moving average.
The key resistance remains $4,148–$4,150, followed by the previous high around $4,167–$4,170. A break above $4,150 would restore upside momentum and potentially reach the $4,170 area. On the downside, $4,108–$4,110 is the first support, followed by $4,088 and the stronger $4,050–$4,030 zone.
The short-term bias is neutral to mildly bullish, provided gold remains above $4,088–$4,100. A break below this area would weaken the recent recovery structure.
Gold 1H Chart
Source: STARTRADER app | Gold shows bullish momentum on a weaker dollar and cooling energy prices
| Resistance | $4,170 | $4,200 | $4,256 |
|---|---|---|---|
| Support | $4,088 | $4,050 | $4,030 |
Nasdaq Technical Analysis
Nasdaq 100 is showing a clear short-term bullish recovery on the 1-hour chart after the sharp sell-off toward 26,274. The latest price action show consolidation just below 28,000, with momentum beginning to flatten after the strong recovery.
Price remains above the 20-hour average, although it is currently hovering around the shorter averages, suggesting that the immediate upside momentum is losing some strength.
The main resistance is around 28,000–28,075, followed by the previous swing area near 28,475. A sustained break above 28,075 would strengthen the recovery and could open the way toward 28,400–28,500. On the downside, 27,750–27,800 is the first important support zone, followed by 27,400 and then the more significant 26,750–26,270 region.
The overall short-term bias is mildly bullish, but the market needs to clear 28,000 convincingly to confirm another leg higher. Failure to do so could result in a pullback toward the moving averages.
Nasdaq 1H Chart
Source: STARTRADER app | Nasdaq shows a strong rebound following last week’s sell-off
| Resistance | 28,000 | 28,475 | 28,650 |
|---|---|---|---|
| Support | 27,400 | 26,750 | 26,270 |
Brent Technical Analysis
Brent remains under significant bearish pressure on the 1-hour chart. Price has continued to make lower highs and lower lows, eventually breaking below the $95–$96 area and reaching a fresh intraday low around $93.33.
The latest candles show only a very modest stabilization, with price still trading below all three moving averages. The 5-hour MA, the 10-hour MA, and the 20-hour MA, creating a clear bearish alignment.
The immediate resistance is around $94.00–$94.60, followed by $95.80–$96.20. A recovery above $96.20 would be necessary to weaken the bearish structure. On the downside, $93.30 is the immediate support and the latest low. A sustained break below this level would expose the $92.20 area. The short-term bias remains bearish, with rallies likely to face selling pressure unless Brent can reclaim the $95–$96 zone.
Brent 1H Chart
Source: STARTRADER app | Oil prices continue to slides as markets await results from US-Iran peace negotiations
| Resistance | $94.60 | $95.80 | $96.20 |
|---|---|---|---|
| Support | $93.30 | $92.20 | $91.00 |
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.
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