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Nov 04, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

General Trend: Bearish within a descending price channel with fading momentum.

  • MACD in positive territory but weakening.
  • Price failed to break the resistance at 4025 and approaches support at 3950.

Reasons:
 • Rising US dollar and higher bond yields weigh on gold.
 • Reduced safe-haven demand following upbeat US data.
 • Markets await comments from Federal Reserve officials.

Outlook:

  • A break below 3950 could send gold to 3900.
  • A rebound above 4025 might lead to 4080.
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

General Trend: Strongly bearish after breaking key support at 62.00.

  • MACD deep in negative territory with strong downside momentum.
  • Price trades below all major moving averages.
  • Support at 60.40, resistance at 62.50.

Reasons:
 • US crude inventories increased more than expected.
 • Weak Chinese demand outlook.
 • Strong dollar putting pressure on commodities.

Outlook:

  • A break below 60.40 could open the way to 59.70.
  • A rebound above 62.50 may lead to a corrective move toward 63.80 before resuming the downtrend.
     
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

General Trend: Bullish within a medium-term rising channel, facing strong resistance.

  • MACD positive but momentum is fading.
  • Price hovers near resistance at 26,100 with support at 25,750.

Reasons:
 • Mixed corporate earnings in the tech sector.
 • Expectations that the Fed will keep rates unchanged.
 • Falling bond yields temporarily support equities.

Outlook:

  • A break below 25,750 could send the index to 25,400.
  • A breakout above 26,100 may push it toward 26,500.


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

General Trend: Sideways to slightly bearish after a brief rally.

  • MACD in negative territory with weak momentum.
  • Price below its moving average, facing resistance at 47,500 and support at 47,100.

Reasons:
 • Profit-taking after October’s rally.
 • Weakness in industrial stocks.
 • Market caution ahead of key US inflation data.

Outlook:

  • A break below 47,100 could target 46,800.
  • A rebound above 47,500 may test 47,850.
     

 

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

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