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Oct 23, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Current Trend: Bearish after breaking key support at 4189.
MACD remains strongly negative but showing early signs of momentum loss.
Price is hovering above ascending support near 4000.

  •  Support: 4060 – 4000
  •  Resistance: 4125 – 4189


 Outlook:
 Gold may attempt a correction toward 4120–4150 but remains bearish below 4189.
 Reason: Rising U.S. bond yields pressure gold, though dip buyers are active near support zones.

 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Price below both short- and medium-term moving averages.
MACD strongly bearish.

  •  Support: 60.00 – 59.20
  •  Resistance: 62.00 – 63.50


 Outlook:
 Further downside to 59.50 likely unless price breaks above 62.00.
 Reason: Higher U.S. inventories and weak global demand outlook weigh on prices.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Current Trend: Corrective pullback after a strong rally.
MACD negative but flattening.
Price near a key support zone.

  •  Support: 24,750 – 24,500
  •  Resistance: 25,200 – 25,550


 Outlook:
 Potential short-term rebound toward 25,200 before deciding the next major move.
 Reason: Mixed tech earnings and concerns over interest rates pressure the index.
 


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Current Trend: Sideways to slightly bearish.
MACD slightly negative.
Price trading in a narrow range between 46,300 and 46,800.

 

  •  Support: 46,300 – 46,000
  •  Resistance: 46,800 – 47,100


 Outlook:
 Likely to remain range-bound with a slight downside bias unless strong economic data emerges.
 Reason: Market waiting for GDP and industrial earnings reports.


 

- A look at yesterday report dated October 22, 2025.

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