Web Trader MT5
Gold Technical Analysis
Gold has reversed sharply after attempting to recover toward $4,070. The precious metal had been consolidating around the $4,000 level before staging a strong upward move yesterday. However, the recovery failed to hold near the $4,070–$4,075 resistance zone, triggering a fresh wave of selling.
The moving averages are beginning to reflect the renewed selling pressure. The current price is below all three averages, MA5, MA10, and MA20.
On the downside, immediate support lies around $4,023, followed by $4,000 and the recent low at $3,975. A sustained break below $4,023 could expose the psychological $4,000 level, while a move below $3,975 would reinforce the broader bearish structure. On the upside, resistance is located around $4,037–$4,048, followed by $4,051 and $4,070. A recovery above $4,048 would ease the immediate selling pressure, but a sustained move above $4,070 would be required to signal a stronger bullish reversal. For now, the short-term outlook remains bearish, with the $4,023 and $4,000 support levels particularly important.
Gold 1H Chart
Source: STARTRADER app | Gold faces strong resistance at the $4,070 level after the recent recovery
| Resistance | $4,070 | $4,100 | $4,155 |
|---|---|---|---|
| Support | $4,000 | $3,975 | $3,945 |
Nasdaq Technical Analysis
Nasdaq 100 has staged a strong recovery, advancing from the recent support area around 28,838 toward 29,830. The index has broken above the previous consolidation zone around 29,400 and 29,600, establishing a sequence of higher highs and higher lows on the 1-hour chart. Recent candles show continued buying interest, with the index trading close to its session high.
The moving averages confirm the positive momentum. The current price is above all three averages, MA5, MA10 and MA20. This bullish alignment supports the continuation of the recovery.
On the upside, immediate resistance is located around 29,830–29,850, followed by the psychological 30,000 level and the chart resistance region near 30,060. A sustained break above 29,850 could open the way toward 30,000. On the downside, initial support lies around 29,780–29,745, followed by 29,650 and 29,600. A pullback that holds above the moving-average cluster would be consistent with a healthy bullish consolidation. However, a sustained move below 29,600 would weaken the current recovery. The short-term outlook is bullish, although a confirmed breakout above the latest high is needed to strengthen the case for further gains.
Nasdaq 1H Chart
Source: STARTRADER app | Nasdaq advances higher on strong AI demand and investments
| Resistance | 29,920 | 30,000 | 30,154 |
|---|---|---|---|
| Support | 29,745 | 29,650 | 29,500 |
Brent Technical Analysis
Brent crude has rebounded from the recent correction and is recovering toward the $116.00 area. The recovery suggests that buyers are regaining control in the short term, although the market has yet to reclaim its previous high.
The moving averages are supportive of this recovery. The current price is above all three averages, MA5, MA10, and MA20. This alignment signals improving bullish momentum and suggests that the recent rebound could extend if prices remain above the moving-average cluster.
Immediate resistance lies around $116.30, followed by $117.08 and the previous high at $118.23. A sustained break above $116.30 would strengthen the recovery and could open the way toward $117.00. On the downside, initial support is located around $115.80–$115.40, followed by $115.20 and the broader $114.50 area. A move below $115.20 would weaken the current bullish structure, while a break below $114.50 would suggest that the recovery is losing traction. Overall, the short-term outlook is bullish, with $116.30 representing the key level to watch for further upside confirmation.
Brent 1H Chart
Source: STARTRADER app | Crude brent rises again following attacks on oil refineries
| Resistance | $117.08 | $118.23 | $119.33 |
|---|---|---|---|
| Support | $115.20 | $114.50 | $113.00 |
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.
Tags
Open Live Account
Email Address
Phone Number
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.
Important 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.
