Web Trader MT5 
Gold Technical Analysis
Gold is trading around $4,590 and has just experienced a sharp bearish reversal on the 1-hour timeframe after failing to sustain gains near the $4,800 resistance zone.
The price action shows a clear rejection from the recent highs, followed by strong bearish candles, indicating aggressive selling pressure and a potential shift in short-term structure. Price has now broken below the 20 and 50 moving averages, with both starting to turn downward, signaling increasing downside momentum.
The key support now lies around $4,550, and a break below this level could extend the decline toward $4,480–$4,450. On the upside, the $4,680–$4,720 zone has become a strong resistance area, and only a recovery above it would stabilize the market and potentially resume the broader uptrend.
Gold 1H Chart
| Resistance | $4,650 | $4,725 | $4,800 |
| Support | $4,540 | $4,456 | $4,400 |
WTI Technical Analysis
West Texas Intermediate is trading around $106.88 and is currently exhibiting strong bullish momentum following a sharp breakout move. The price has formed a strong impulsive rally from the $98 region, breaking above key resistance levels and pushing above all major moving averages.
The alignment of the 20, 50, and 100 moving averages in an upward direction confirms the strength of the current uptrend. Additionally, the expansion in bullish candle size and volume indicates strong buying interest and momentum continuation.
The immediate resistance is near $107–$108, and a breakout above this zone could lead to further upside toward $110. On the downside, the $103–$104 area now acts as a key support zone, and any pullback toward this region could present buying opportunities as long as the overall structure of higher lows remains intact.
WTI 1H Chart
| Resistance | $107.54 | $109.26 | $110.40 |
| Support | $103.40 | $100.20 | $98.10 |
Dow Jones Technical Analysis
Dow Jones is trading just above 46,000 and is also showing clear signs of bearish pressure after rejecting the 46,800–46,900 resistance zone.
The chart reflects a failed continuation higher, followed by a sharp decline that broke below short term moving averages. The 20-period moving average has crossed below the 50-period, reinforcing the bearish bias in the short term.
Price is now forming lower highs and lower lows, confirming a shift in momentum from bullish to corrective. The immediate support is located near 45,800, and if this level fails, the downside could extend toward 45,250. Meanwhile, any recovery attempts are likely to face strong resistance around 46,300–46,500, where previous support has now turned into resistance.
The overall structure suggests a short-term pullback within a broader range unless buyers regain control above key resistance levels.
Dow Jones 1H Chart
| Resistance | 46,458 | 46,840 | 47,000 |
| Support | 45,840 | 45,320 | 45,050 |
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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