Metals
EURUSD Technical Analysis
EURUSD experienced a sharp decline from the 1.1727 high toward the 1.1468 support, after which it managed a mild rebound. The recovery has been somewhat limited, as the pair now trades around 1.1555 with mixed signals. The short-term moving averages (5 and 10) have flattened just above the current price, while the longer-term moving average MA(30) remains above, suggesting the broader trend is still mildly bearish.
MACD shows a positive crossover, but bullish momentum may be fading. This reflects indecision in the market as traders await new catalysts. If the pair sustains above 1.1500, it could attempt another push toward 1.1600–1.1650, but failure to hold this level might trigger renewed downside pressure targeting 1.1450 or lower. The structure suggests a consolidation phase where traders are reassessing direction after the recent sell-off.
EURUSD 4H Chart
| Resistance | 1.1583 | 1.1605 | 1.1667 |
|---|---|---|---|
| Support | 1.1540 | 1.1500 | 1.1469 |
Dow Jones Technical Analysis
Dow Jones shows a moderate recovery after a period of consolidation and slight downside pressure. The index rebounded from around the 46,455 level, forming higher lows that suggest buying momentum is gradually returning.
Currently, prices are trading above the short-term (5 and 10-period) moving averages, while the 30-period moving average is beginning to flatten, hinting at a potential shift in momentum from bearish to bullish.
MACD has crossed above the signal line, confirming increasing bullish momentum. However, the market may need a clean breakout above 47,500–47,600 to confirm a continuation toward 48,000, while a drop back below 47,000 could renew selling pressure toward the 46,500 support zone.
Dow Jones 4H Chart
| Resistance | 47,455 | 47,720 | 48,047 |
|---|---|---|---|
| Support | 46,937 | 46,802 | 46,482 |
Gold Technical Analysis
Gold prices show a strong rebound from the $3,886 low, continuing to climb steadily above both the 5- and 10-period moving averages. The precious metal is currently trading around $4,129, just below a recent short-term resistance zone near $4,150–$4,180, where some profit-taking may occur.
The uptrend appears healthy, with all moving averages aligned positively, supporting the continuation of bullish momentum. MACD has crossed decisively above the signal line, indicating sustained buying strength.
A break above $4,180 could open the way to $4,250, while a pullback toward $4,050–$4,000 would be considered healthy before another potential leg higher. Overall, gold’s short-term technicals remain bullish, supported by momentum indicators and price structure.
Gold 4H Chart
| Resistance | $4,163 | $4,216 | $4,311 |
|---|---|---|---|
| Support | $4,075 | $4,030 | $3,965 |
