Today Technical Analysis: Gold remains range-bound as the US Dollar Index breaks above the 99.00 level

Gold Technical Analysis

Gold is trading near $4,712 after rebounding from $4,657. Price has stabilized following recent weakness and is now oscillating around its moving averages. MA10 and MA20 are close to current price, while MA5 is slightly above, showing a neutral consolidation phase. The market appears to be waiting for a breakout catalyst.

A move above $4,730 would improve bullish momentum, while a break below $4,677 could expose the recent lows again. Volume has declined during the rebound, suggesting the recovery lacks strong conviction so far.

Gold 1H Chart

Brent Technical Analysis

Brent crude is trading near $105.64 after rejecting intraday highs around $107.37. On the daily chart, the broader structure remains constructive despite recent volatility. Price is holding above moving averages MA5 and MA10, while MA20 is slightly below current price and flattening upward. This indicates that momentum has improved again after the mid-April pullback.

Price is now reclaiming key moving averages and attempting to build a higher base above the psychological $100.00 area.

A sustained break above $107.37–$108.55 would strengthen bullish continuation signals and could open the path toward $110.00 and eventually retest the prior high zone.

If price falls back below $102.67, it would suggest momentum is weakening and a deeper pullback toward $100.00 may develop.

Brent 1H Chart 

XRP Technical Analysis

XRP is trading near $1.41 after a failed upside move toward 1.44. The chart shows a strong bullish push followed by aggressive selling, producing a sharp bearish rejection candle. This suggests short-term profit-taking or failed breakout behavior after buyers could not sustain price above resistance.

Price has now dropped below moving averages MA5 and MA10, while MA20 sits just above current price. With all short-term averages above market price, momentum has turned bearish in the immediate term.

A break below $1.4086 would confirm bearish continuation, while recovery above 1.$4270 would neutralize the current selloff.

XRP 1H Chart

AUTHOR

Ghassan Albohtori 

Financial Market Analyst - STARTRADER

Ghassan Albohtori is a financial market analyst with experience in macroeconomics, investing, and currency trading. He conducts in-depth market research covering fundamental and technical analysis of different instruments to find major changes in market trends. Mr. Ghassan's main focus is the effects of economic data on different asset classes and how this affects prices.

Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.