Web Trader MT5 
Gold Technical Analysis
Gold is attempting a short term recovery after falling below $4,900. The broader structure remains corrective within a larger uptrend.
Price is now trading around $4,926, reclaiming the 5 and 10 short term moving averages, while approaching the 30-period moving average. This suggests short term bullish momentum, with the intraday trend remains bearish unless price decisively breaks and holds above the moving average.
MACD shows a clear bullish crossover from deeply negative territory,supporting the momentum recovery. However, the move still looks corrective unless price breaks above the $4.980–$5,000 supply zone.
A rejection near $5,000 would favor continuation lower.
Gold 1H Chart
| Resistance | $4,956 | $4,970 | $5,000 |
| Support | $4,900 | $4,872 | $4,841 |
NZDUSD Technical Analysis
NZDUSD is clearly bearish intraday with clear selling pressure triggered by today’s fundamentals.
All moving averages are aligned bearishly, and price is trading below them. The 30-period moving average is sloping downward, confirming trend continuation.
MACD shows strong downside momentum, with the MACD line accelerating lower. There is no bullish divergence visible at the moment, indicating the downward trend may continue.
The overview of the pair is bearish unless price reclaims 0.6030 and invalidates the lower high structure.
NZDUSD 1H Chart
| Resistance | 0.6014 | 0.6035 | 0.6053 |
| Support | 0.5990 | 0.5978 | 0.5949 |
Brent Technical Analysis
Brent is moving in a bearish structure after rejecting the $71.00 level last week. The series of lower highs and lower lows is intact.
Currently trading near $67.66, price is slightly above the fast moving averages but still facing the longer term moving average MA(30), which continues to slope downward. This indicates the bounce is corrective for the most part.
MACD shows early bullish momentum building. Momentum recovery is present but not aggressive. The current direction of brent is bearish unless price reclaims and holds above $68.80–$69.00.
Brent 1H Chart
| Resistance | $67.41 | $67.88 | $68.51 |
| Support | $66.82 | $66.36 | $65.85 |
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