Web Trader MT5
Gold Technical Analysis
Gold has experienced a sharp short-term correction, falling toward $4,291 before staging a modest rebound to around $4,316. The price remains below the three moving averages MA(5), MA(10) and MA(20). This indicates that short-term momentum remains bearish despite the latest bounce.
The immediate support zone is $4,300–$4,291. A break below it could expose the $4,274 area, followed by the previous low around $4,235. On the upside, $4,337–$4,342 is the first major resistance zone, followed by $4,366 and the recent peak near $4,400. A recovery above $4,342 would provide the first indication that the correction is losing momentum; until then, the short-term bias remains bearis
Gold 1H Chart
Source: STARTRADER app | Gold faces selling pressure as the US dollar remains strong
| Resistance | $4,375 | $4,400 | $4,453 |
|---|---|---|---|
| Support | $4,300 | $4,274 | $4,225 |
S&P500 Technical Analysis
The S&P 500 remains in a strong bullish structure, although momentum has started to consolidate after reaching a new intraday high of 7,788. The index is currently trading around 7,770.
Immediate resistance is around 7,788–7,800, with a sustained break above 7,800 potentially opening the way toward 7,825. On the downside, 7,765 is the first important support, followed by 7,747 and 7,688. A break below the MA20 moving average would signal a deeper short-term pullback, while holding above it would keep the bullish structure intact.
S&P500 1H Chart
Source: STARTRADER app | S&P500 trades higher driven by AI companies
| Resistance | 7,800 | 7,825 | 7,885 |
|---|---|---|---|
| Support | 7,745 | 7,688 | 7,624 |
Brent Technical Analysis
Brent crude remains under clear bearish pressure, trading around $100.40 after falling sharply from the recent recovery toward $102.50. Price is below all three moving averages: MA5, MA10, and MA20. The moving averages are also aligned bearishly, confirming that sellers remain in control on the hourly chart.
The key support is around $99.28, with a break below this level potentially exposing the $98.50–$99.00 area. On the upside, $101.10–$101.80 represents the first resistance zone, followed by $102.50–$103.30. Unless Brent can reclaim the MA20 and establish higher highs, the technical structure remains bearish.
Brent 1H Chart
Source: STARTRADER app | Crude brent continues to slide on hopes of supply recovery
| Resistance | $100.25 | $101.44 | $102.77 |
|---|---|---|---|
| Support | $99.28 | $98.50 | $97.20 |
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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