Metals
Gold Technical Analysis
XAUUSD showed significant gains yesterday. Today’s movement also confirms the bullish momentum. The 5-period moving average is above the 10-period MA, which is also above the 30-period MA, forming a strong bullish alignment. The price is trading well above all three moving averages, indicating strong upward momentum. The moving averages are acting as dynamic support.
The MACD line is well above the Signal line, which is a clear and powerful bullish signal, confirming the strength of the current rally. The convergence is strong, showing that momentum is accelerating to the upside. A breakout and sustained trade above the recent high would likely push the price higher towards the next psychological and structural resistance levels.
Gold 1H Chart
| Resistance | $4,242 | $4,250 | $4,275 |
| Support | $4,203 | $4,179 | $4,164 |
EURUSD Technical Analysis
EURUSD is in a short-term upward swing. The moving averages are currently showing bullish momentum.The short-term trend is still positive.
The MACD line is above the signal line. The reading is positive and rising, which is indicating growing upward momentum following the recent price dip.
A decisive push and close above the approx 1.1675 resistance would confirm the short-term bullish trend and target higher levels. However, a drop back below the moving averages would indicate the uptrend attempt has failed, potentially leading to a retest of 1.1542
EURUSD 1H Chart
| Resistance | 1.1668 | 1.1720 | 1.1756 |
| Support | 1.1640 | 1.1612 | 1.1578 |
Nasdaq Technical Analysis
Nasdaq 100 shows modest recovery on the hourly chart, suggesting buying interest. All moving averages are tightly grouped and generally flat.
The MACD line and signal line are very close, near the zero line. This signals loss of momentum and a sideways market in the immediate short term.
A sustained break and trade above the recent high 24,960 would confirm a return of bullish momentum, targeting the 25000 psychological level.
However, a failure to hold above the moving averages and a drop back towards the 24,600 level would threaten the recent recovery and could lead to a retest of the 24,268 low.
Nasdaq 1H Chart
| Resistance | 24,940 | 25,050 | 25,125 |
| Support | 24,721 | 24,565 | 24,484 |
