Web Trader MT5 
S&P 500 Technical Analysis
The S&P 500 is currently trading near 6,800 level after rebounding from a strong support zone around 6,577 on Monday. This price action suggests that buyers have regained some control in the short term, although the market has not yet established a strong bullish continuation.
Looking at the moving averages, short term averages MA(5) and MA(10) recently crossed above the longer term MA(30), which now acts as a dynamic support level, signaling a short-term shift in momentum from bearish to bullish.
Momentum indicators show that the recovery may be losing strength. MACD recently produced a bullish crossover. This suggests that bullish momentum is fading and the market may enter a sideways phase before the next directional move.
From a technical perspective, 6,800–6,850 represents the nearest resistance zone, as it coincides with the recent consolidation highs. A break above this level could open the path toward 6,900 and potentially the previous high near 7,000. On the downside, 6,750 acts as immediate support, while the stronger support level remains near 6,600, which represents the base of the recent rebound.
S&P 500 1H Chart
| Resistance | 6,815 | 6,844 | 6,900 |
| Support | 6,774 | 6,757 | 6,730 |
Gold Technical Analysis
Gold is currently trading above $5,200 and continues to show a gradual recovery after the sharp decline that pushed prices down below $5,000 psychological level. Following that low, the market established a sequence of higher lows and gradually climbed back above the $5,100–$5,200 region, which now acts as a short-term consolidation area. The price action suggests that buyers are attempting to stabilize the market after the previous selloff.
The short term averages MA(5) and MA(10) are moving slightly above the longer term MA(30), reflecting mild bullish momentum in the short term. This indicates that the short-term trend has shifted from bearish to neutral bullish.
MACD indicator shows weakening momentum after the recent recovery. MACD line remains above the signal line. The market may pause or move sideways before attempting another upward move.
Technically, $5,200–$5,220 acts as immediate resistance, as this area corresponds to the upper boundary of the current consolidation range. A breakout above this level could open the door toward $5,250 and potentially $5,300. On the downside, $5,150 serves as immediate support, followed by the stronger support level near $5,050–$5,000, which remains the key floor for the current recovery structure.
Gold 1H Chart
| Resistance | $5,240 | $5,287 | $5,310 |
| Support | $5,161 | $5,124 | $5,116 |
EURUSD Technical Analysis
EURUSD is currently trading around 1.1635 after recovering from a recent low near 1.1507, which marked a significant short term support level. The pair has since formed a steady upward recovery, producing a sequence of higher lows and gradually pushing toward the 1.1650 area. This move suggests that bullish momentum has returned in the short term following the earlier decline.
The moving averages support this recovery structure. The short term averages MA(5) and MA10 have crossed above the longer term MA(30), and all three averages are beginning to slope upward. This alignment typically indicates strengthening bullish momentum and confirms that the short-term trend has shifted in favor of buyers.
The MACD indicator also confirms improving momentum. The MACD line remains above the signal line, indicating sustained buying pressure.
Technically, 1.1650–1.1670 represents the nearest resistance zone, as it corresponds to the recent swing highs. A breakout above this area could lead to further gains toward 1.1700 and potentially 1.1750. On the downside, 1.1600 acts as immediate support, while stronger support is located near 1.1550, which coincides with the previous consolidation base.
EURUSD 1H Chart
| Resistance | 1.1668 | 1.1713 | 1.1750 |
| Support | 1.1618 | 1.1603 | 1.1567 |
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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