Web Trader MT5 
Gold Technical Analysis
Gold remains in a firmly bearish short-term trend after suffering a sharp decline from the $4,515 high. The market has experienced an accelerated selloff over the past several sessions, resulting in a series of lower highs and lower lows. Price is currently trading below all major moving averages, while the 5-period, 10-period, and 20-period moving averages are aligned negatively, confirming continued downside momentum.
The breakdown below the $4,390 support region marked an important technical development and triggered a new wave of selling pressure. Since then, buyers have struggled to establish any meaningful recovery, with every rally being met by renewed selling
The area around $4,318–$4,330 now represents immediate resistance, followed by $4,347 and the more significant resistance zone near $4,390. On the downside, support is located at the recent low of $4,268. A break below this level could trigger another leg lower toward $4,220 and potentially $4,180. Unless gold can reclaim the 20-period moving average and break above key resistance levels, the short-term outlook remains decisively bearish.
Gold 1H Chart
| Resistance | $4,335 | $4,354 | $4,380 |
| Support | $4,268 | $4,248 | $4,160 |
Brent Technical Analysis
Brent crude oil has staged a powerful bullish reversal after finding support near $94.57. The market had been in a clear downtrend for several sessions. However, the sharp recovery from the recent low has significantly improved the short-term technical picture. Price has now climbed back above the 5-period, 10-period, and 20-period moving averages, with the shorter-term averages crossing above the longer-term average, indicating a shift in momentum toward the bulls.
Volume expanded noticeably during the rebound, supporting the strength of the move. If Brent manages to break above $100.50, the bullish recovery could extend toward $102.00 and potentially higher levels. On the downside, initial support is located near $98.50, followed by $97.60 and then the major support zone around $96.60. Overall, the short-term outlook has shifted from bearish to bullish, although traders should monitor the psychological $100 barrier closely.
Brent 1H Chart
| Resistance | $100.50 | $102.00 | $103.60 |
| Support | $98.50 | $97.60 | $96.60 |
Nasdaq 100 Technical Analysis
The NASDAQ 100 remains under significant bearish pressure despite the latest rebound attempt from the 28,770 low. The index is now trading below the 5-period, 10-period, and 20-period moving averages, while the moving averages themselves remain bearishly aligned, confirming that sellers remain firmly in control of the broader short-term trend.
Immediate resistance is located near 29,160, followed by 29,370 where the 20-period moving average is currently positioned. A break above those levels would be required to improve the technical outlook. On the downside, support remains at 28,770, and a break below that level could expose 28,500 and potentially lower levels. For now, the short-term bias remains bearish while price trades below the moving average cluster.
Nasdaq 100 1H Chart
| Resistance | 29,250 | 29,380 | 29,519 |
| Support | 28,732 | 28,565 | 28,395 |
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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