Metals
Gold tries to sustain rebound momentum above $4,020
Gold
Gold’s 4-hour chart shows strong recovery momentum, rising above the first resistance level of $4,136. The metal continues to trade above the 50-, 100-, and 200-period moving averages, underscoring persistent buying interest from the recent trough at $3,890. The RSI hovers around 70, signaling overbought conditions, though no clear signs of a trend reversal have emerged. Bulls are eyeing a possible breakout above $4,270, which could open the path toward the peak of $4,382. Alternatively, a move below $3,970 would expose downside risks, suggesting protracted weakness.
Gold 4H chart
| Support | 4020 | 3890 | 3800 |
| Resistance | 4270 | 4382 | 4500 |
EURUSD
The EUR/USD 4-hour chart maintains a bullish bias, trading near 1.1570 after rebounding from recent lows below 1.1500. The pair remains above the 20- and 50-period moving averages, reflecting sustained short-term buying momentum. However, the previous swing around 1.1630 presents a key resistance zone. The RSI hovers near 60, indicating strengthening bullish momentum with room for further upside. The formation of higher lows above 1.1540 reinforces rebound interest, but a clear break above 1.1630 then 1.1670 is needed to confirm a bullish reversal. Failure to overcome this supply zone could invite renewed selling pressure, pulling the pair back toward prior lows.
EURUSD 4H chart
| Support | 1.1540 | 1.1470 | 1.1400 |
| Resistance | 1.1630 | 1.1670 | 1.1750 |
S&P 500
The S&P 500 remains above a rising trendline from August 2025. After encountering resistance near the record high of 6925, the index pulled back to 6650 right over the line before bouncing back, making it the fourth touch and confirming that the uptrend is still intact. It has since recovered, breaking above immediate resistance at 6835. However, momentum is easing, and the RSI’s bearish divergence signals potential caution. The 6740-6800 is a key demand area to gauge follow-up interest.
S&P 500 4H chart
| Support | 6800 | 6740 | 6640 |
| Resistance | 6890 | 6925 | 7000 |
