Markets recover (again) | 10450 10506 resistance | 10329 10252 support

Technical analysis for 12th June 2026

Today's charts look noticeably stronger than yesterday. The indices are attempting a recovery from key support areas, while Gold remains the weakest market structurally.

FTSE 100

• Bias: Bullish
  • Structure
    • Strong bullish recovery candle yesterday.
    • RSI has jumped back above 50.
    • Price reclaimed EMA25 and EMA200.
    • Trading above pivot.
• Key Levels
  • Resistance: 10,393 → 10,506 → 10,597
  • Support: 10,330 → 10,239
• Trading Plan
  • Buy dips while above 10,330.
  • A break through 10,400 could trigger a move toward 10,500+.

DAX 40

• Bias: Neutral to Bullish
  • Strong bullish reversal candle yesterday from the 24,000 area.
  • Price has reclaimed both EMA200 and EMA25.
  • Trading above the daily pivot (24,424).
  • RSI recovering toward 50.
• Key Levels
  • Resistance: 24,730 → 24,903 → 25,152
  • Support: 24,424 → 24,175
• Trading Plan
  • Prefer buying dips while above 24,425.
  • A break above 24,730 would likely trigger another leg toward 24,900–25,150.

Nasdaq 100

• Bias: Bullish
  • Strong bullish engulfing-style recovery from support.
  • Price has reclaimed EMA25 (29,473).
  • Trading above EMA200 (29,222).
  • Price sitting directly under major resistance at 29,500.
• Key Levels
  • Resistance: 29,700 → 30,292
  • Support: 29,222 → 28,826
• Trading Plan
  • Buy pullbacks above 29,220.
  • If 29,500 breaks convincingly, momentum could accelerate toward 29,900–30,300.

S&P 500

• Bias: Mild Bullish
  • Strong rebound from support.
  • Price now above EMA200.
  • Testing EMA25 resistance around 7,423.
• Key Levels
  • Resistance: 7,461 → 7,520
  • Support: 7,358 → 7,300
• Trading Plan
  • Bullish while above pivot and EMA200.
  • Need a close above 7,425–7,460 to confirm a broader recovery.

Gold

• Bias: Bearish (but stabilising)
  • Still below EMA25 and EMA200.
  • Remains inside a falling channel.
  • Yesterday's bounce stalled immediately.
  • Trading below pivot.
• Key Levels
  • Resistance: 4,318 → 4,393
  • Support: 4,096 → 3,949
• Trading Plan
  • Unlike equities, Gold has not confirmed a reversal.
  • Selling rallies remains the preferred strategy until price closes above 4,320.

Other Opportunities Today

• Nasdaq Long
  • Above 29,220 support.
  • Target: 29,700 then 30,300.
• FTSE Long
  • Above 10,330.
  • Target: 10,500.
• DAX Long
  • Above 24,425.
  • Target: 24,730 then 24,900.
• Gold Short on Rally
  • Sell into 4,300–4,320 resistance.
  • Target: 4,100 then 3,950.

Overall Market Theme
Yesterday's risk-off tone has shifted toward a risk-on rebound. The equity indices have reclaimed key moving averages and pivots, giving bullish intraday and daily bias across DAX, Nasdaq, S&P and FTSE.

Gold remains the outlier and is still technically bearish until it can recover above the falling-channel resistance and EMA cluster around 4,320–4,390.

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