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Dec 04, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is currently trading near 4196 after retreating from a high of 4264, holding above key support at 4159.

Price action remains within the ascending channel, but the MACD indicator is still in negative territory with a slowing downward trend.

Holding above 4159 could allow for a move towards 4228-4245. A break below support would put pressure on 4140-4100.

Overall trend: Neutral with a slight bearish bias.
Support: 4159 - 4140 - 4100
Resistance: 4228 - 4245 - 4260

Expectation: Gold could begin a limited recovery if it holds above 4159, while a break below it would open the way for further declines.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading at 59.32 after a sharp sell-off triggered by a surprise increase in US inventories. The price is currently near a key support zone at 58.70.

The MACD indicator shows a slowdown in the decline, which may indicate the beginning of a temporary bottom formation.

Any bounce above 59.80 would strengthen the likelihood of an upward move towards 60.50.

Overall trend: Short-term bearish
Support: 58.70 – 57.90
Resistance: 59.80 – 60.50

Expectation: A limited bounce is possible as long as support holds; a break would bring renewed pressure towards 57.90.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq is trading near 25632 after a strong rally driven by falling bond yields and a recovery in technology stocks. The index is approaching a key resistance area at 25780.

The MACD indicator is positive but has begun to lose momentum, which may indicate a minor correction before any further gains.

General Trend: Upward
Support: 25350 – 25180
Resistance: 25780 – 25920

Expectation: A break above 25780 opens the way to new highs, while a drop below 25350 suggests a limited correction.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is trading at 47,998 after reaching new highs, supported by improving economic data. However, the index is showing a clear slowdown in its upward momentum.

Key support lies at 47,650, while the next resistance is at 48,200.

Overall Trend: Upward
Support: 47,650 – 47,480
Resistance: 48,200 – 48,450

Expectation: The upward trend will continue as long as the price remains above 47,650.
 

- A look at yesterday report dated Dec 3, 2025.

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