Technical analysis for 23rd June 2026
Today's charts show a notable shift from yesterday. US indices are starting to lose momentum, Europe is weakening, and Gold remains firmly bearish.
FTSE 100
- Bias: Bearish
- Below both moving averages.
- Weak relative strength versus US indices.
- Price rejected the EMA cluster again.
- Momentum remains poor.
- Key Levels
- Resistance:
- 10,389 Pivot
- 10,403 EMA25
- 10,472 R1
- Support:
- 10,335 S1
- 10,254 S2
- 10,197 S3
- Resistance:
- Trade Idea
- Sell rallies into 10,390–10,420.
- Target 10,250.
DAX 40
- Bias: Neutral → Slight Bearish
- Still above EMA25 and EMA200.
- Yesterday produced a bearish candle from near the upper channel.
- Current price is testing the EMA25 zone around 24,870.
- RSI has rolled over from recent highs.
- Key Levels
- Resistance:
- 25,030 Pivot
- 25,209 R1
- 25,359 R2
- Support:
- 24,876 EMA25
- 24,699 S2
- 24,559 S3
- Resistance:
- Trade Idea
- Above 25,030 → bullish recovery.
- Below 24,870 → likely continuation lower toward 24,700.
Nasdaq 100
- Bias: Bearish
- Strong rejection from the upper trend channel.
- Price has broken below EMA25.
- Trading below pivot and sitting on support.
- Momentum has clearly deteriorated over the last 4 sessions.
- Key Levels
- Resistance:
- 30,246 Pivot
- 30,498 R1
- 30,905 R2
- Support:
- 29,839 S1
- 29,626 EMA200 region
- 29,500 S2
- Resistance:
- Trade Idea
- Sell rallies into 30,000–30,250.
- Bullish only if price reclaims pivot and holds.
S&P 500
- Bias: Bearish
- Consecutive lower highs.
- Price below EMA25.
- Trading beneath pivot.
- Daily structure weakening.
- Key Levels
- Resistance:
- 7,456 EMA25
- 7,467 Pivot
- 7,505 R1
- Support:
- 7,402 S1
- 7,364 S2
- 7,300 S3
- Resistance:
- Trade Idea
- Sell rallies below 7,460.
- First downside objective 7,400.
Gold
- Bias: Strong Bearish
- Trading below EMA25 and EMA200.
- Lower highs and lower lows remain intact.
- Price sitting under pivot and under channel resistance.
- Trend remains decisively down.
- Key Levels
- Resistance:
- 4,183 Pivot
- 4,229 R1
- 4,267 R2
- Support:
- 4,144 S1
- 4,098 S2
- 4,060 S3
- Resistance:
- Trade Idea
- Sell rallies below 4,180.
- Target 4,100 initially.
Best Setups Today
- Best Short
- Gold
- Sell below 4,180
- Target 4,100 → 4,060
- Gold
- Second Best Short
- Nasdaq
- Sell rallies toward 30,000–30,250
- Target 29,840 → 29,600
- Nasdaq
- Third Best Short
- FTSE 100
- Sell rallies into 10,390 area
- Target 10,250
Overall Theme
Today's daily charts suggest a risk-off session compared with yesterday. The Nasdaq and S&P have started breaking their short-term uptrend structures, the FTSE remains weak, and Gold is still in a clear downtrend. The DAX is the strongest of the group but is also beginning to lose momentum, so I would treat it as neutral-to-bearish unless it reclaims the daily pivot quickly.
The overnight session has shifted the market into a short-term bearish structure. Price is below the Pivot, below both short-term EMAs, and pressing against S1 support. Unless buyers reclaim 10,405, the higher-probability trade today is selling rallies and looking for a move into 10,254 (S2). The key level to watch at the London open is 10,335—a clean break below it would likely accelerate downside momentum.
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