Web Trader MT5 
Brent Technical Analysis
Oil started the month of August with a bearish crossover of moving averages MA(50) and MA(10) with moving averages MA(30) on the hourly chart. A lower high and lower low structure began forming, suggesting short-term bearish control. Price is hovering below the 30-period moving average, which has acted as dynamic resistance since the drop.
MACD shows potential early signs of a bullish divergence, especially if price forms a higher low.
The short-term outlook for Brent is bearish unless price jumps above $71.20–$71.50 zone.
Brent 1H Chart
| Resistance | $69.85 | $70.14 | $70.87 |
| Support | $68.91 | $68.23 | $67.73 |
Gold Technical Analysis
Gold started the month of August strong after falling to $3,268 by the end of July. The breakout above prior consolidation at $3,340 suggests a bullish continuation move.
Moving averages MA(5) and MA(10) are sloping upward and trading above MA(30), showing a bullish alignment. Additionally, price remains above all three moving averages on the hourly chart, signaling momentum strength.
MACD shows that bullish momentum is weakening, but no signs of strong reversal yet.
The overall view of gold prices is still bullish as long as prices remain above $3,325. However, breaking below this level could give a bearish signal to price.
Gold (XAUUSD) 1H Chart
| Resistance | $3,368 | $3,387 | $3,400 |
| Support | $3,344 | $3,325 | $3,309 |
EURUSD Technical Analysis
Price action shows a breakout of the bearish trend on the hourly chart for EURUSD as it shows a bullish flag after a strong upward rally.
Price is well above mid-term moving average MA(30). Additionally, the three moving averages MA(5), MA(10) and MA(30) show a classic bullish alignment, supporting the upward movement.
MACD shows developing bearish crossover, which could be a warning sign for a downward movement.
Trend reamins bullish as long as price is above 1.1500. If price drops to the MA(30) and fails to close below it, a bullish movement is expected.
EURUSD 1H Chart
| Resistance | 1.1595 | 1.1626 | 1.1667 |
| Support | 1.1550 | 1.1517 | 1.1475 |
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
