wp-emoji-styles => 
wp-block-library => /wp-includes/css/dist/block-library/style.min.css
classic-theme-styles => 
global-styles => 
wp-pagenavi => https://www.startrader.com/wp-content/plugins/wp-pagenavi/pagenavi-css.css
addtoany => https://www.startrader.com/wp-content/plugins/add-to-any/addtoany.min.css
jquery => 
addtoany-core => https://static.addtoany.com/menu/page.js
addtoany-jquery => https://www.startrader.com/wp-content/plugins/add-to-any/addtoany.min.js
Icon close

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

Today Technical Analysis: US Dollar Index Holds Above 100 as Uptrend Remains Intact

April 7, 2026, 08:15

Today Technical Analysis: US Dollar Index Holds Above 100 as Uptrend Remains Intact

Dow Jones Technical Analysis

The Dow is trading near 46,607, and the chart shows a short term bullish recovery after a sharp sell off, but momentum is now fading. The market rebounded strongly from the 45,900–46,000 support zone, forming a sequence of higher lows, which initially suggested a potential trend reversal.

However, the rally stalled around 46,850, where price faced clear rejection, forming a lower high relative to previous structure, indicating that buyers are losing strength. The moving averages reflect this transition.

This creates a potential transition phase from bullish correction back to bearish continuation. If price breaks below 46,500, it would confirm renewed downside pressure toward 46,000 and possibly 45,800. On the upside, a clean break above 46,850 would invalidate the bearish scenario and open the path toward 47,200.

Dow Jones 1H Chart

Dow Jones 1H Chart 07-04-2026

Resistance46,85046,94447,230
Support46,41646,22046,000

Gold Technical Analysis

Gold is currently trading around $4,640, and the short term structure reflects a corrective bearish phase within a broader consolidation. After the sharp rejection from the $4,800 resistance, price established a strong impulsive move lower toward $4,554, which now acts as a key swing low and demand zone. Since then, price has attempted a recovery but is struggling to build sustained bullish momentum.

The recent price action shows lower highs forming, which indicates that sellers are still active on rallies. The immediate resistance sits around $4,665–$4,680, followed by the stronger $4,720–$4,750 zone. On the downside, $4,600 is the key intraday support, and a break below it could open the door for a retest of $4,550.

Gold 1H Chart

Gold 1H Chart 07-04-2026

Resistance$4,682$4,738$4,800
Support$4,600$4,550$5,482

Brent Technical Analysis

Brent crude is trading around $113 and remains in a strong short term uptrend, supported by consistent higher highs and higher lows.

The moving averages are clearly aligned in a bullish structure, with price consistently holding above them. This alignment reflects strong trend continuation conditions.

However, price is currently approaching the $114 resistance zone, where previous rejection occurred. The latest candles show slight exhaustion and consolidation, suggesting that the market may pause or pull back before continuing higher.

Key support is now located around $112.50–$113.00, which aligns with the 20-period moving average and recent lows. As long as price holds above this zone, the bullish trend remains intact, with potential continuation toward $115.50 and higher.

If price breaks below $112.50, a deeper correction toward $110.50–$111.00 could occur, but this would still be considered a pullback within a broader uptrend.

Brent 1H Chart

Brent 1H Chart 07-04-2026
Resistance$114.39$115.89$117.00
Support$112.20$105.76$108.80

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.

Open Live Account

Start trading with A globally leading broker

Want to start trading?

STARTRADER

Online Trading App

Online App Score
Install
Customer Service
Customer Service
Customer Service
Customer Service