Today Technical Analysis: US dollar Index Breaks 100 level, Gold slides 0.6%

Brent Technical Analysis

Brent crude remains under short-term selling pressure, trading around $105.06 after falling from the $110.42 area. The recent sequence of lower highs and lower lows reinforces the downside structure.

Immediate support is at $104.13, followed by the chart’s lower support around $103.82. A break below $104.13 could expose further downside. On the upside, $105.30–$106.23 is the first resistance zone, followed by $107.28. A sustained move above $107.28 would be needed to materially improve the short-term structure. Overall, the bias remains bearish.

Brent 1H Chart

Source: STARTRADER app | Crude brent continues to slide after facing resistance at $100 level

Nasdaq Technical Analysis

Nasdaq is showing a bullish short-term structure, trading around 29,251 after recovering strongly from the recent 28,772 low. The three moving averages MA(5), MA(10), and MA(20) are aligned positively. The recent higher lows and strong rebound indicate improving buying momentum.

Immediate resistance is around 29,324, followed by the psychological 29,400 area. A sustained break above 29,324 could open the way toward 29,400–29,500. On the downside, 29,145–29,175 is the first support zone, followed by 29,086 and the recent low at 28,772. Overall, the bias is bullish, although some consolidation is possible near 29,300–29,325.

Nasdaq 1H Chart

Source: STARTRADER app | Nasdaq recovers following a steep decline after Fed rate hike decision

Gold Technical Analysis

Gold is showing a strong bullish recovery, trading around $4,316 after rebounding sharply from the $4,235 low.

The key immediate resistance is around $4,337–$4,367, with the recent swing high at $4,367. A break above $4,367 could strengthen the recovery toward $4,400. On the downside, $4,307–$4,298 provides initial support, followed by $4,265 and the major low at $4,235. Overall, the short-term bias is bullish, but price needs to clear $4,367 to confirm further upside.

Gold 1H Chart

Source: STARTRADER app | Gold rebounds after a strong decline on FOMC day

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.