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Nov 05, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is trading at 3971.84 after rebounding from key support near 3920.

Technical indicators:

  • The MACD indicator remains in negative territory but shows a slowdown in selling momentum.
  • The price holding above the short-term uptrend line suggests a possible minor correction.

Reasons:
Gold is attempting to recover after a strong sell-off driven by a stronger dollar and rising bond yields, coupled with a limited improvement in risk appetite.

Expectation:
If the resistance at 4005 is breached, we could see a rise towards 4040. However, a break below 3920 could revive the downtrend towards 3875.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Oil is priced at $60.80 per barrel after a significant decline.

Technical indicators:

  • The MACD is clearly negative.
  • The moving averages confirm the short-term downtrend.

Reasons:
Selling pressure continues due to increased US supply and weak Chinese demand, in addition to geopolitical tensions that are prompting traders to reduce their exposure to commodities. 

Forecast:
Oil may target $60.00 and then $59.20, while any recovery above $61.50 could open the way for a corrective wave towards $62.30.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is at 25450.65 after a slight pullback.

Technical Indicators:

  • The MACD shows a slight bearish divergence.
  • Movements below the 50-period moving average suggest a loss of upward momentum.

Reasons:
Technology stocks are declining following mixed earnings reports, coupled with anticipation of the upcoming Federal Reserve meeting. 

Forecast:
A break below support at 25,300 could push the index down to 25,000, while a break above 25,700 could reignite momentum towards 26,000.


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Trading at 47,215.50 after a slight pullback.

Technical indicators:

  • MACD is moderately bearish.
  • Moving averages show a sideways trend after a previous upward move.

Reasons:
Mild selling pressure due to profit-taking after last week's gains, amid continued concerns about a slowdown in US growth.

Forecast:
Support at 47,000 remains pivotal, and a break below it could push the index down to 46,750, while resistance at 47,500 represents a hurdle for a return to the upside.
 

 

- A look at yesterday report dated Nov 4, 2025.

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