Web Trader MT5 
Brent Technical Analysis
On the 1-hour timeframe, Brent is currently trading near $100 level. The overall structure remains bearish, as the market continues to form lower highs. Price is currently ranging between $96 and $104, reflecting a balance between buyers and sellers.
In the short term, moving averages are beginning to turn slightly higher, with the faster averages crossing upward, indicating a potential recovery. However, price is still testing the 20-period moving average, which acts as a key dynamic resistance.
A sustained move above $104 could signal a stronger bullish continuation toward higher levels, while rejection near current resistance may lead to another retest of the $98 to $96 support zone.
Brent 1H Chart
| Resistance | $102.60 | $104.00 | $106.25 |
| Support | $98.50 | $96.20 | $95.45 |
Gold Technical Analysis
Gold is trading back above $4,550 and has shown a strong recovery after bouncing from the $4,100 low at the beginning Tof the week. The short-term structure has shifted into a bullish phase, with the formation of higher highs and higher lows, supported by a clear alignment of moving averages where shorter-term averages are positioned above longer-term ones.
However, despite this recovery, the broader structure still suggests that the move may be corrective within a larger bearish trend. Price is currently approaching a key resistance zone around $4,600 to $4,620, where momentum appears to be slowing slightly as candles begin to compress.
A breakout above this level could open the door for further upside toward the $4,700 area, while failure to break higher may trigger a pullback toward the $4,450 support region.
Gold 1H Chart
| Resistance | $4,620 | $4,700 | $4,815 |
| Support | $4,320 | $4,280 | $4,200 |
S&P 500 Technical Analysis
The S&P 500 is trading near 6,600 and is currently in a consolidation phase following a sharp rebound from the 6,440 low. While the prior structure was bearish, the strong recovery has shifted price into a sideways range between approximately 6500 and 6650. This reflects a period of indecision, with neither buyers nor sellers in full control.
The moving averages are flattening, and price is hovering around the 20-period average, further confirming the lack of clear directional momentum. A breakout above 6,650 would likely signal a continuation of the bullish recovery toward higher levels, while a break below 6,500 could indicate a return of bearish pressure and a move back toward the recent lows.
S&P 500 1H Chart
| Resistance | 6,600 | 6,680 | 6,775 |
| Support | 6,520 | 6,440 | 6,380 |
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
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.
