Rise and dip with 10425 10474 resistance | 10350 10330 support

Technical analysis for 19th June 2026

Today the charts have become noticeably more defensive than yesterday. We're seeing rejection candles in equities and a sharp breakdown in Gold.

FTSE 100

• Bias: Bearish
  • Clear rejection from the upper channel.
  • Back below EMA25 and EMA200 cluster.
  • Consecutive lower highs forming.
  • RSI weakening.
• Key Levels
  • Resistance:
    • 10,393–10,400 EMA zone
    • 10,474 (R1)
  • Support:
    • 10,354 (S1)
    • 10,306 (S2)
    • 10,234 (S3)
• Trading View
  • Sell rallies into 10,390–10,420.
  • A break below 10,350 could accelerate downside.

DAX 40

• Bias: Neutral to Slightly Bearish
  • Yesterday's candle rejected the upper rising channel.
  • Current price sitting below the daily pivot (24,999).
  • EMA25 remains rising, so trend isn't broken.
  • Momentum has stalled near the psychological 25,000 area.
• Key Levels
  • Resistance:
    • 24,999 (Pivot)
    • 25,160 (R1)
    • 25,277 (R2)
  • Support:
    • 24,882 (S1)
    • 24,721 (S2)
    • 24,604 (S3)
• Trading View
  • Below 25,000 I favour selling rallies.
  • Above 25,050 the bullish trend resumes.

Nasdaq 100

• Bias: Neutral Bullish
  • Still inside a strong rising channel.
  • EMA25 continues higher.
  • Several indecision candles around 30,200.
  • No significant selling pressure yet.
• Key Levels
  • Resistance:
    • 30,445 (R1)
    • 30,694 (R2)
    • 30,928 (R3)
  • Support:
    • 29,963 (S1)
    • 29,789 (S2)
• Trading View
  • Bulls remain in control while above 29,950.
  • Market appears to be consolidating rather than reversing.

S&P 500

• Bias: Neutral to Slight Bearish
  • Three consecutive red candles.
  • Price has slipped below EMA25.
  • Momentum indicator rolling over.
  • Testing support around 7,450.
• Key Levels
  • Resistance:
    • 7,481 Pivot
    • 7,501 R1
    • 7,533 R2
  • Support:
    • 7,449 S1
    • 7,428 S2
    • 7,397 S3
• Trading View
  • Below 7,480 sellers have the edge.
  • Break under 7,450 could trigger a move toward 7,400.

Gold

• Bias: Strong Bearish
  • Large bearish breakdown candle.
  • Trading below EMA25.
  • Broke pivot support decisively.
  • Momentum has turned sharply negative.
• Key Levels
  • Resistance:
    • 4,246 Pivot
    • 4,291 R1
    • 4,374 R2
  • Support:
    • 4,163 S1
    • 4,118 S2
    • 4,035 S3
• Trading View
  • Rallies should be sold while below 4,246.
  • 4,118 is the next obvious downside target.

Other Opportunities Today

• Long Setup
  • Nasdaq 100
    • Buy pullbacks above 29,950
    • Targets: 30,445 → 30,694
• Short Setup
  • FTSE 100
    • Sell rallies into 10,390–10,420
    • Targets: 10,350 → 10,305
• Strongest Short
  • Gold
    • Sell rallies below 4,246
    • Targets: 4,163 → 4,118

Overall Daily Theme
Today's charts suggest a risk-off rotation compared with earlier in the week. The Nasdaq remains the strongest index and is still technically bullish, but the FTSE and Gold are showing clear deterioration. If I were choosing only one index to trade today, I would still favour Nasdaq longs on dips and Gold shorts on rallies.

Good luck today and have a great weekend!

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