Daily Technical Analysis: US Indices Trade at Highest Level Since February, S&P500 Breaks Above 6,000

Gold prices fell sharply during last week’s trading. The precious metal fell below $3,300 before rebounding upward. Price is currently under all moving averages, which supports bearish sentiment.

MACD shows bearish momentum on the 4H chart.

Price might find pressure at the dynamic resistance levels of the moving averages. Failing to cross above $3,350 could bring more selling pressure driving price toward $3,260

Gold (XAUUSD) 4H Chart

Resistance	$3,333	$3,365	$3,375
Support	$3,293	$3,271	$3,244

EURUSD shows a strong uptrend on the hourly chart despite the recent deep bearish correction. The pair is recovering from a dip to 1.1356 and rising steadily.

Moving averages MA(5) and MA(10) crossed above the MA(30) showing a bullish alignment.

MACD shows bullish crossover with green histogram bars increasing, supporting the uptrend. Holding above 1.1400 is bullish for the pair as it opens the door for more increases toward 1.1450

EURUSD 1H Chart

Resistance	1.1434	1.1457	1.1465
Support	1.1410	1.1390	1.1372

Dow Jones continues to trend upward with frequent fluctuations on the hourly chart. The index recently tested level 42,905, the highest since 19 May.

The price is currently slightly above the 30-period moving average, but all three moving averages MA(5), MA(10), and MA(30) are starting to converge, signaling potential indecision.

MACD shows a bearish crossover recently, indicating bearish momentum is building.

If the index breaks below 42,580 with strength, we may see more declines towards 42,400. However, breaking above 42,800 opens the door for more upward movements towards 43,000

Dow Jones 1H Chart

Resistance	42,828	42,930	43,000
Support	42,577	42,410	42,300