Technical analysis for 10th June 2026
Today's charts show broad risk-off pressure across the indices, while Gold remains firmly bearish. Compared with yesterday, the US indices have lost momentum and are now testing important support areas.
FTSE 100
- Bias: Bearish
- Clear sequence of lower highs.
- Trading below EMA25 and pivot.
- Price remains inside declining channel.
- Relative strength has weakened materially.
- Key Levels
- Resistance: 10,322 → 10,370 → 10,398
- Support: 10,176 → 10,082
- Trade View
- Sell rallies while below 10,320.
- Channel breakdown could target 10,080 area.
- Expected path: 10,175 then 10,080
DAX 40
- Bias: Bearish
- Price remains inside a falling channel.
- Trading below EMA25 (24,662).
- Below pivot (24,499).
- Series of lower highs and lower lows remains intact.
- Key Levels
- Resistance: 24,662 → 24,769
- Support: 24,275 → 24,175 → 23,909
- Trade View
- Prefer selling rallies into 24,500–24,650.
- Bulls only regain control above 24,770.
- Expected path: 24,275 then 24,175
Nasdaq 100
- Bias: Bearish
- Large bearish breakdown candle on 5 June still dominates.
- Price remains below EMA25 (29,481).
- Trading below pivot (28,980).
- Failed recovery attempts.
- Key Levels
- Resistance: 29,179 → 29,481 → 29,775
- Support: 28,458 → 28,156 → 27,362
- Trade View
- Rally attempts toward 29,150–29,450 likely attract sellers.
- Daily close back above 29,500 would neutralize the bearish view.
- Expected path: 28,450 then 28,150
S&P 500
- Bias: Bearish / Neutral
- Trading below pivot (7,360).
- EMA25 rolling lower.
- Price still inside descending structure.
- Holding support for now, but upside momentum is weak.
- Key Levels
- Resistance: 7,406 → 7,442 → 7,483
- Support: 7,240 → 7,117
- Trade View
- Short bias below 7,400.
- Need a recovery above EMA25 to improve sentiment.
- Expected path: 7,240 support test
Gold
- Bias: Strong Bearish
- Strongest directional chart of the group.
- Trading below EMA25 and EMA200.
- Downtrend channel intact.
- Multiple consecutive bearish candles.
- Price sitting near channel support but trend remains down.
- Key Levels
- Resistance: 4,232 → 4,323 → 4,409
- Support: 4,146 → 4,060
- Trade View
- Continue selling rallies.
- Any bounce into 4,230–4,320 likely faces resistance.
- Expected path: 4,146 then 4,060
Best Daily Setups Today
- Gold Short
- Cleanest trend and strongest downside structure.
- DAX Short
- Still weak and below all key resistance.
- Nasdaq Short on rallies
- Sell into 29,150–29,500 resistance zone.
- Lower conviction
- FTSE short (already somewhat extended)
- S&P short (closest to support and most vulnerable to a bounce)
Overall Market Theme
Today's dominant daily bias is risk-off.
The highest-probability directional trade is still short Gold, followed by short DAX rallies and short Nasdaq rallies.
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