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Jan 07, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is moving within a medium-term ascending channel, with a limited technical pullback from near the upper channel boundary. Despite this pullback, the price maintains a clear bullish structure above key support levels. The MACD indicator is in positive territory but shows slowing momentum, suggesting a consolidation phase before the next direction is determined.

Overall trend: Corrective bullish
Support: 4410 – 4345
Resistance: 4485 – 4540

Expectation: Holding above 4410 supports the chances of a renewed upward move, while a break below this level could trigger a deeper correction towards 4345.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil continues to move within a clear sideways range with weak momentum and a lack of a strong trend. Trading is taking place near the middle of the range, with the price remaining sensitive to any developments related to global demand and inventories.

General Trend: Sideways
Support: 55.20 – 54.40
Resistance: 57.60 – 58.40

Expectation: A break above 57.60 could support a corrective upward move, while a break below 55.20 would bring back selling pressure.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index continues to consolidate near all-time highs after a strong rally, with limited volatility reflecting investor caution regarding technology stock valuations. Momentum remains positive, but at a weaker pace.

Overall trend: Upward trend with a tendency to consolidate
Support: 25300 – 24980
Resistance: 25850 – 26100

Expectation: Holding above 25300 maintains the positive outlook, while a break below this level could open the door for a wider correction.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index continues to move within a stable upward trend, supported by traditional and defensive sector stocks. Pullback attempts remain limited and are met with buying near support levels.

Overall trend: Upward
Support: 49000 – 48650
Resistance: 49850 – 50200

Expectation: Maintaining trading above 49000 supports the continuation of the upward trend, while a break below this level could indicate a short-term correction.
 

- A look at yesterday report dated Jan 6, 2025.

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