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Mar 04, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is currently trading at 5146 after a sharp correction from the peak near 5420, showing stability above the 5090 support level.

The current move represents a technical recovery attempt following strong profit-taking pressure, while MACD remains in negative territory but is gradually reducing losses.

Overall Trend: Bullish on the medium term with short-term correction
 Support: 5090 – 5000
 Resistance: 5205 – 5315

 Outlook: Holding above 5090 supports a rebound toward 5205, while a break below 5000 could deepen the correction before the broader uptrend resumes.

 
XAG/USD chart on the hourly time frame

XAG/USD chart on the hourly time frame

Silver is undergoing a corrective pullback after a strong rally driven by safe-haven inflows.

Price is trading near a key technical support level, with gradually weakening MACD momentum, suggesting potential continued consolidation before the trend resumes.

Overall Trend: Short-term bullish with correction
 Support: 83.40 – 82.70
 Resistance: 86.00 – 87.20

 Outlook: Holding above 83.40 keeps the bullish scenario intact, while a break below it may extend the correction.

 

 

USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil continues to trade near elevated levels due to fears of supply disruptions in the Gulf region. Momentum remains relatively positive despite some temporary easing.

Overall Trend: Bullish
 Support: 74.20 – 72.90
 Resistance: 77.30 – 79.00

 Outlook: Ongoing tensions support further gains, while any political de-escalation could trigger quick profit-taking.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index remains under selling pressure amid persistent risk aversion. MACD is in negative territory, reflecting weak bullish momentum.

Overall Trend: Bearish
 Support: 24200 – 23950
 Resistance: 24750 – 25000

 Outlook: Trading below 24750 keeps the negative outlook intact.

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is fluctuating within a downward range, pressured by selling in leading stocks. Momentum remains tilted to the downside amid the absence of strong positive catalysts.

Overall Trend: Bearish
 Support: 48000 – 47450
 Resistance: 48800 – 49200

 Outlook: Holding below 48800 increases the likelihood of continued corrective decline.

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

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