Metals
Dow Jones Technical Analysis
Dow Jones shows a clear uptrend on the hourly chart as prices are forming higher highs and higher lows.
The 5-period and 10-period moving averages are flattening slightly above the moving average MA(30), showing short-term consolidation after a strong bullish run. The 30-period moving average continues sloping upward, confirming that the overall structure remains bullish.
MACD lines are above zero, but the signal line crossover suggests a loss of momentum.
If price holds above 46,800, it could push further toward 47,200–47,500. However, a break below 46,600 could trigger a correction toward 46,000 before the next leg up.
Dow Jones 1H Chart
| Resistance | 47,046 | 47,131 | 48,000 |
| Support | 46,888 | 46,762 | 46,675 |
Gold Technical Analysis
Gold experienced a sharp 9% correction from $4,381 to $4,004, its largest intraday decline in years. The precious metal is currently rebounding but it’s still trading below the 30-period moving average, showing that short-term trend remains bearish.
Moving average MA(5) has crossed above the moving average MA(10), giving an early bullish crossover after the drop.
30-period remains steeply downward, indicating overall pressure still exists. A break of $4,180–$4,200 will be key to confirming if this rebound has strength.
MACD just turned bullish, supporting the continuation of the upward trend.
Price needs to break and sustain above $4,200 to confirm a stronger rebound. Failure to do so may see gold retesting $4,050–$4,000 again
Gold 1H Chart
| Resistance | $4,202 | $4,235 | $4,315 |
| Support | $4,081 | $4,033 | $4,000 |
GBPUSD Technical Analysis
GBPUSD is clearly in a downtrend, making lower highs since 1.3471. Today’s big red candle shows a sharp drop, breaking below the recent consolidation range, which confirms renewed bearish momentum.
Both short-term moving averages MA(5) and MA(6) are below the 30-period MA, indicating strong downside momentum. The 30-period moving average is sloping down, reinforcing the bearish structure.
MACD lines have crossed back downward below zero, indicating that momentum is accelerating to the downside.
The break below 1.3350 opens the door for a test of 1.3270–1.3240.
GBPUSD 1H Chart
| Resistance | 1.3361 | 1.3400 | 1.3443 |
| Support | 1.3307 | 1.3262 | 1.3200 |
