Web Trader MT5 
Gold Technical Analysis
Gold has entered a corrective phase following its strong rally above $4,200. Price is now trading below both the moving averages MA(5) and MA(10), while the 20-period moving average has flattened, indicating weakening bullish momentum and a shift toward short-term consolidation. Although the broader trend remains positive, near-term momentum has clearly softened.
The short-term outlook is neutral-to-bearish while gold remains below $4,150. A break below $4,120 would expose the next support near $4,075, with $4,000 becoming the next major downside target. Conversely, a recovery above $4,150 would improve bullish momentum and could lead to another attempt at testing the $4,200 resistance area.
Gold 1H Chart
| Resistance | $4,169 | $4,200 | $4,250 |
| Support | $4,116 | $4,075 | $4,028 |
Brent Technical Analysis
Brent has strengthened significantly after recovering from the $69.90 low. Price is now trading above all three moving averages, with the 5-period MA crossing above both the MA(10) and MA(20), confirming improving bullish momentum. The overall market structure has shifted from neutral to moderately bullish.
Brent maintains a constructive outlook while trading above $72.20. A breakout above $72.95 could extend gains toward $73.30–$74.00. However, failure to hold above $72.20 may lead to a short-term pullback toward the rising 20-period moving average near $72.00.
Brent 1H Chart
| Resistance | $72.95 | $74.00 | $74.55 |
| Support | $71.50 | $70.85 | $69.90 |
Dow Jones Technical Analysis
The Dow Jones remains firmly in a bullish trend, continuing to print higher highs and higher lows after breaking above the previous consolidation zone. Price is trading comfortably above the 20-period moving average, confirming that bullish momentum is still intact.
The moving averages continue to slope upward, reinforcing the strength of the current uptrend.
After consolidating around the 53,000 level, buyers successfully pushed the index to a fresh swing high at 53,232.98. The latest candles show limited profit-taking, with price remaining close to session highs, indicating that bulls continue to control the market.
The technical outlook remains bullish while price holds above 53,100–53,000. A sustained break above 53,233 would likely trigger another leg higher toward 53,335 and potentially 53,500. A move below 53,000 would signal a deeper correction toward 52,850, although the broader uptrend would remain intact.
Dow Jones 1H Chart
| Resistance | 53,155 | 53,200 | 53,300 |
| Support | 52,986 | 52,816 | 52,741 |
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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