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Mar 05, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is trading near 5147 after a strong correction from the peak around 5420, showing relative stability above the key support at 5090.

The current movement represents a technical recovery attempt following a sharp profit-taking wave.

The MACD remains in negative territory but is gradually improving.

Overall Trend: Medium-term bullish with a short-term correction
 Support: 5090 – 5000
 Resistance: 5205 – 5315

Outlook:
 Holding above 5090 could support a rebound toward 5205, while a break below 5000 may 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 trading around 82.10 after a noticeable pullback from recent highs, continuing to move within a corrective range.

Weak bullish momentum suggests the possibility of continued consolidation before a clearer direction emerges.

Overall Trend: Corrective with a bearish bias
 Support: 80.50 – 78.80
 Resistance: 83.50 – 85.00

Outlook:
 Holding above 80.50 may support a rebound toward 83.50, while a break below support could push the price toward 78.80.

 

 

USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading near 76.45 after a gradual recovery from recent lows, supported by improving demand expectations and supply concerns.

Bullish momentum remains present, although it has started to slow slightly.

Overall Trend: Moderately bullish
 Support: 74.80 – 73.20
 Resistance: 77.80 – 79.50

Outlook:
 A break above 77.80 could support further gains toward 79.50, while a break below 74.80 may return the price to a consolidation range.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is trading near 24953, maintaining its bullish trend supported by strong performance in technology stocks and continued risk appetite.

Momentum remains positive despite some volatility near recent highs.

Overall Trend: Bullish
 Support: 24550 – 24100
 Resistance: 25200 – 25500

Outlook:
 A break above 25200 could push the index toward new highs near 25500.

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is trading near 48470 after a slight pullback from recent highs, while still moving within a medium-term bullish trend.

Momentum has slowed slightly as the price approaches key resistance levels.

Overall Trend: Bullish with consolidation
 Support: 48000 – 47450
 Resistance: 48850 – 49200

Outlook:
 A break above 48850 may support a continuation of the upward trend, while a break below 48000 could lead to a temporary correction.

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

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