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Mar 06, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues to trade within a short-term ascending channel but is currently facing corrective pressure after failing to sustain above the recent peak near 5420. The price is trying to stabilize around the 5110 area while the MACD shows slight improvement in momentum, which may allow for a technical rebound before the next directional move.

Overall Trend: Bullish with a corrective pullback
 Support: 5090 – 4980
 Resistance: 5200 – 5310

Outlook: Holding above 5090 may allow gold to retest 5200, while a break below this level could open the path toward 4980.

 
XAG/USD chart on the hourly time frame

XAG/USD chart on the hourly time frame

Silver is trading in a consolidation range following a strong upward move, attempting to hold above the 83.00 level. The MACD indicator is gradually improving, suggesting continued sideways movement with a slight bullish bias.

Overall Trend: Neutral with a bullish bias
 Support: 82.40 – 81.60
 Resistance: 84.80 – 86.00

Outlook: A break above 84.80 could push prices toward 86.00, while a drop below 82.40 may bring 81.60 into focus.

 

 

USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is moving within a consolidation range after a previous rally, stabilizing near the $79 level. MACD momentum is gradually recovering, which could support another upward attempt if prices hold above the current support zone.

Overall Trend: Neutral
 Support: 78.20 – 76.80
 Resistance: 80.50 – 82.00

Outlook: A break above 80.50 could support a move toward 82.00, while a drop below 78.20 may trigger a deeper correction.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index continues to trade near record highs following a strong rally, although momentum is starting to slow slightly. MACD remains positive but shows early signs of overbought conditions, which could lead to a limited pullback before the broader trend resumes.

Overall Trend: Bullish
 Support: 24,850 – 24,600
 Resistance: 25,200 – 25,500

Outlook: A break above 25,200 could push the index toward 25,500, while a drop below 24,850 may trigger a correction toward 24,600.

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is trading close to record highs with the broader uptrend still intact. However, recent price action suggests the market is entering a consolidation phase after the strong rally.

Overall Trend: Bullish
 Support: 47,750 – 47,400
 Resistance: 48,250 – 48,600

Outlook: Holding above 47,750 may support another move toward 48,250, while a break below this level could lead to a deeper correction.

 

- A look at yesterday report dated March 5, 2025.

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