Brent Technical Analysis
Brent crude is trading around $91.77, maintaining a bullish short-term structure on the 1-hour chart. Price is consolidating near the 5-period and 10-period moving averages, both of which remain above the 20-period moving average, supporting the current upward bias.
The first key resistance is at $92.35, followed by $92.87. On the downside, immediate support is positioned at $90.98, followed by $89.55 and the major swing low at $86.75.
A sustained move above $92.35 could reinforce bullish momentum and open the way toward the $92.85 area. Conversely, a break below $90.98 could signal a deeper pullback or a temporary pause in the current uptrend.
| Resistance | $93.00 | $93.74 | $94.25 |
| Support | $91.00 | $89.55 | $88.75 |
Gold Technical Analysis
Gold is trading around $4,390, extending a short-term pullback after its recent strong rally. Price is currently below the MA5, MA10 and MA20, while the shorter-term moving averages are turning lower, pointing to increasing bearish pressure.
The $4,403–$4,408 zone represents the first key resistance area, followed by $4,421 and the recent high at $4,449. On the downside, immediate support is located at $4,380, followed by $4,339 and the key swing low at $4,311.
As long as gold remains below $4,408, the near-term bias remains cautious, with further tests of lower support levels possible. A sustained move above $4,410 would improve the technical outlook and could signal a return of broader bullish momentum.
| Resistance | $4,406 | $4,427 | $4,450 |
| Support | $4,377 | $4,355 | $4,310 |
GBP/USD Technical Analysis
GBP/USD is trading around 1.3525, undergoing a corrective pullback after reaching a recent high of 1.3570. Short-term momentum has weakened, with the MA5 and MA10 moving below the MA20, indicating increased selling pressure.
Immediate resistance is seen at 1.3542, followed by 1.3550 and the recent high at 1.3570. On the downside, key support levels are located at 1.3522, followed by 1.3493 and the major swing low at 1.3473.
The short-term outlook remains bearish to corrective while GBP/USD trades below 1.3542. A recovery above 1.3545 could signal renewed buying interest and bring the previous upward trajectory back into focus.
| Resistance | 1.3535 | 1.3560 | 1.3570 |
| Support | 1.3500 | 1.3492 | 1.3470 |
