Web Trader MT5 
Gold Technical Analysis
Gold is trading near $4,700 and maintains a strong bullish structure on the 1-hour timeframe, supported by a clear sequence of higher highs and higher lows.
The recent breakout above $4,720 confirms continued buying interest, although price has started to show signs of consolidation just below this resistance level. The moving averages remain positively aligned, with the 20-period acting as dynamic support, indicating that the bullish momentum is still intact.
If price holds above the $4,650–$4,660 support zone, another attempt to break above $4,725 is likely, potentially extending the rally further.
On the downside, a break below $4,650 could trigger a deeper correction toward $4,600, but the overall bias remains bullish unless the structure of higher lows is broken.
Gold 1H Chart
| Resistance | $4,724 | $4,760 | $4,800 |
| Support | $4,650 | $4,600 | $4,540 |
Brent Technical Analysis
Brent is currently trading around $106 on the 1-hour timeframe and is currently undergoing a clear corrective phase following its recent bullish rally toward the $113.25 highs.
The structure has shifted from higher highs into short-term lower highs, indicating weakening bullish momentum. Price is now trading below the 20-period and 50-period moving averages, both of which have started to turn downward, reinforcing the bearish correction.
The repeated failure to reclaim the $109–$110 zone suggests that this area has now turned into strong resistance. As long as price remains below this zone, the downside pressure is likely to persist, with potential targets toward $105 and possibly $103. However, if buyers manage to push price back above $110, this would invalidate the current bearish structure and could signal a return to the broader uptrend.
Brent 1H Chart
| Resistance | $107.30 | $109.00 | $111.55 |
| Support | $105.20 | $104.35 | $103.20 |
S&P 500 Technical Analysis
The S&P 500 is trading around 6,560 and is showing a strong bullish recovery on the 1H chart. The market has shifted from a bearish phase into a clear uptrend, with price breaking above key moving averages and forming higher lows.
The 20-period moving average is now acting as dynamic support, while the 50-period is turning upward, confirming strengthening bullish momentum.
The index is currently approaching the 6,575–6,600 resistance zone, where previous selling pressure was observed. A successful breakout above this area would likely open the door for further upside toward 6,640 and beyond. However, if the price fails to break this resistance, a shor term pullback toward 6,500 or the 6,450 support zone could occur before the next bullish attempt.
S&P 500 1H Chart
| Resistance | 6,575 | 6,640 | 6,680 |
| Support | 6,480 | 6,380 | 6,320 |
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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