Web Trader MT5 
Gold Technical Analysis
Gold is showing early signs of a short term trend reversal after an aggressive selloff from last week. The bounce from this level has been technically healthy, with price reclaiming the 5 and 10 moving averages.
The structure has shifted from lower lows to higher lows, which is often the first signal that bearish momentum is losing control. The MACD strongly supports this view, having formed a bullish divergence at the lows. This indicates that upside momentum is rebuilding.
As long as gold holds above the $4,700–$4,650 support zone, the recovery remains intact, with upside potential toward $5,050 and then $5,200 if the 30-period moving average is reclaimed. A failure back below $4,650 would invalidate the recovery and signal that sellers are regaining dominance.
Gold 1H Chart
| Resistance | $4,947 | $5,000 | $5,060 |
| Support | $4,843 | $4,751 | $4,621 |
Brent Technical Analysis
Oil is currently in a corrective phase following a strong impulsive rally that peaked near above $71.00. The subsequent selloff was sharp and decisive, breaking below the 5, 10, and 30 moving averages and signaling a short term trend shift from bullish to neutral bearish. Price has now entered a sideways consolidation around the $66.30–$66.80 area, where selling pressure has clearly slowed.
On the MACD, bearish momentum is fading. As long as price holds above the $66.00 psychological level, a corrective rebound toward the $68.00–$69.00 zone remains possible. However, failure to reclaim the 30-period moving average keeps the broader short term bias cautious, and a break below $66.00 would expose the prior demand zone near $64.80.
Brent 1H Chart
| Resistance | $66.44 | $67.07 | $67.32 |
| Support | $65.29 | $64.57 | $64.00 |
S&P 500 Technical Analysis
The S&P 500 remains bullish on the 1H chart after completing a sharp corrective move and a strong V-shaped recovery from the 6,843 area. Price has reclaimed all short-term moving averages, with the MA(5) and MA(10) leading higher and staying comfortably above the 30-period moving average, which has started to turn upward again.
On the momentum side, the MACD has crossed into positive territory, indicating strengthening bullish momentum. As long as price holds above the 6,950–6,920 support zone, declines are likely corrective. A clean hourly close above 7,020 would open the door for continuation toward fresh highs, while only a sustained move back below the 30-period moving average would weaken the bullish bias.
S&P 500 1H Chart
| Resistance | $4,990 | $5,112 | $5,136 |
| Support | $4,746 | $4,656 | $4,592 |
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