Web Trader MT5 
Gold Technical Analysis
Gold is trading near $4,630 after a sharp selloff from the $4,700 region. Price broke below multiple support levels and is now trading beneath all key moving averages: MA5, MA10, and MA20. This bearish alignment confirms strong downside pressure.
Unless gold reclaims $4,655–$4,670, sellers remain in control. A break below $4,623 would likely extend losses toward $4,612 and $4,600.
Volume increased into the decline, confirming bearish conviction.
Bias remains bearish below $4,655, with downside pressure dominant unless a sharp recovery reclaims the moving averages.
Gold 1H Chart
| Resistance | $4,669 | $4,700 | $4,750 |
| Support | $4,612 | $4,580 | $4,526 |
Brent Technical Analysis
Brent crude is trading near $109.71 after extending its rally and printing a fresh high at $110.32. Price action remains decisively bullish, with consistent higher highs and higher lows. The market is trading above all major moving averages: MA5, MA10, and MA20, confirming strong upward momentum.
The alignment of short-term averages above longer-term averages reflects trend acceleration, while shallow pullbacks suggest buyers remain in control.
As long as price holds above $108.70, bulls retain momentum. A break above $110.32 could open the door toward $111.10 and beyond.
Momentum remains strong, although volume is moderate rather than explosive. This suggests a healthy trend continuation rather than panic buying.
Bias remains bullish above $108.70, targeting $111.10 next.
Brent 1H Chart
| Resistance | $112.00 | $113.50 | $115.76 |
| Support | $108.13 | $106.75 | $104.26 |
S&P 500 Technical Analysis
The S&P 500 is trading near 7,173 fter rejecting from a recent high at the psychological level 7,200. Despite the minor pullback, the broader structure remains bullish, as price is still holding close to all major moving averages: MA5, MA10, and MA20. The current move appears more like profit-taking or consolidation after a strong rally.
A recovery above 7,186 would restore bullish momentum quickly, while a break below 7,150 may trigger a deeper retracement. Volume is relatively light during the pullback, indicating sellers are not aggressive. This favors consolidation rather.
Bias is generally bullish with the trend intact above 7,150.
S&P 500 1H Chart
| Resistance | 7,200 | 7,250 | 7,300 |
| Support | 7,132 | 7,095 | 7,053 |
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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