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Mar 02, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold opened trading with a strong bullish gap due to the aggressive shift toward safe-haven assets following the outbreak of war between the United States, Israel, and Iran, and the expansion of strikes in the Gulf region. Price is breaking into new highs with renewed positive momentum on the MACD indicator.

The current move reflects clear panic conditions in the markets, with strong inflows into the yellow metal.

Overall Trend: Strongly Bullish
 Support: 5310 – 5235
 Resistance: 5400 – 5480

 Outlook: Holding above 5310 supports continued upside. Any pullback is likely to remain corrective unless clear political de-escalation signals emerge.

 
XAG/USD chart on the hourly time frame

XAG/USD chart on the hourly time frame

Silver continues to move in a strong upward trend supported by safe-haven inflows, benefiting from the sharp surge in demand for precious metals. Price is trading above previously broken support levels with clear positive MACD momentum, reflecting sustained buying strength.

Overall Trend: Strongly Bullish
 Support: 93.80 – 92.60
 Resistance: 96.20 – 97.50

 Outlook: Holding above 93.80 supports further gains, while a break above 96.20 enhances the probability of targeting new record levels.

 

 

USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is witnessing sharp gains due to fears of supply disruptions in the Gulf region, particularly with strikes targeting areas near critical energy corridors. Price is moving in a strong impulsive wave with accelerating positive MACD momentum.

Overall Trend: Bullish
 Support: 69.90 – 68.70
 Resistance: 73.20 – 75.00

 Outlook: Continued tensions support further upside, while any sudden de-escalation could trigger a rapid bearish correction.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is under strong selling pressure due to risk aversion amid the military escalation. The break of multiple technical support levels, combined with MACD shifting into negative territory, reflects a clear deterioration in market sentiment.

Overall Trend: Bearish
 Support: 24200 – 23850
 Resistance: 24800 – 25100

 Outlook: Trading below 24800 keeps downside pressure intact.

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is declining amid broad selling across global markets, particularly in industrial and financial sectors. Negative momentum is increasing as the gap between moving averages widens.

Overall Trend: Bearish
 Support: 47900 – 47250
 Resistance: 48900 – 49400

 Outlook: Holding below 48900 supports continuation of the corrective decline.

- A look at last week report dated Feb 27, 2025.

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