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Today Technical Analysis: Gold nears the $4,900 level as the Dollar Index falls below 98.00
Nasdaq is continuing its aggressive bullish trend for the 11th consecutive day reaching a new record high. Price is trading firmly above the three moving averages MA5, MA10, and MA20, with all these averages positively aligned. The structure shows higher highs, higher lows, and steady momentum, confirming persistent buying pressure. Resistance is now at 26,350–26,475. A break above this zone could open the door for another upside leg as trend followers remain in control. Support is seen at 26,220, then 26,075, where the MA10 and MA20 may offer dynamic support on pullbacks. Unless price loses those zones decisively, ... (full story)
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- Apr 16, 2026 9:26am Posted byTechnical Analysis151
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