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Nov 12, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues its sharp recovery from the $3945 low and is now trading near $4117, supported by a slight decline in US Treasury yields and a weaker dollar.

Price action is within a short-term ascending channel, but momentum is beginning to subside near the key resistance level of $4140.

The MACD indicator remains positive, but some pullback in the green bars suggests a possible temporary profit-taking.

  • Overall trend: Short-term bullish
  • Support: $4047 – $3997
  • Resistance: $4140 – $4180

Expectation: Staying above $4047 maintains the positive outlook, while a break below this level could push gold back down to $3997.
 


USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is currently trading near $60.88 after recovering from the $59.70 low, supported by a slight improvement in risk appetite and a weaker US dollar.

Despite this limited rise, prices are still moving within a medium-term descending channel, making the current rally more of a temporary correction.

The MACD indicator shows improved momentum but remains below positive territory, suggesting that the overall trend has not yet turned clearly bullish.

  • Overall trend: Neutral with a temporary bullish bias
  • Support: 59.70 – 59.00
  • Resistance: 61.30 – 62.00

Expectation: A break above the 61.30 resistance would confirm the continuation of the correction towards 62.00, while failure to do so could bring back downward pressure towards 59.70 and then 59.00.

 

USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is currently trading near 25,707.55 after a rally from strong support at 25,300.

Optimism surrounding technology sector earnings continues to support the positive trend, but the index faces significant resistance at 25,800, which could temporarily limit momentum.

The MACD indicator remains positive, but shows a slight decrease in momentum, which could open the door for a sideways correction.

  • Overall Trend: Short-Term Upward
  • Support: 25,480 – 25,300
  • Resistance: 25,800 – 25,950

Expectation: A break above resistance will confirm the continuation of the upward trend, while remaining below it could push the index into sideways fluctuations between 25,800 and 25,400.

US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is trading near 48,051.50 after a strong rally from the low of 47,400, supported by improvements in industrial and financial stocks.

The upward movement faces technical resistance at 48,200, while the 47,700 level remains a key support for maintaining the positive trend.

The MACD indicator is still positive, but momentum is gradually weakening, which may indicate that the index is approaching overbought territory. 

  • General Trend: Upward with a profit-taking bias
  • Support: 47,700 – 47,400
  • Resistance: 48,200 – 48,500

Expectation: A break above the 48,200 resistance level will open the way towards 48,500, while a failure to break above this level could lead to a slight correction towards 47,700.
 

 

- A look at yesterday report dated Nov 11, 2025.

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