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Oct 29, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Overall trend: Downward within a symmetrical triangle pattern.
The MACD indicator is in negative territory but shows the beginnings of weakening downward momentum.
The price is moving below the moving average, with some limited upward correction attempts.

Reasons:
• Rising US Treasury yields are putting more pressure on gold.
• A slight improvement in US growth data is strengthening the dollar.
• Profit-taking after the sharp decline in recent days.

Expectation:
• A break above 4000 could push gold towards 4055.
• A break below support at 3920 could lead to a return to 3870.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Overall Trend: Sideways with a slight upward bias after sharp declines.
The MACD indicator is in weak positive territory, and upward momentum is gradually emerging.
The price is close to the moving average with a slight upward slope.

Reasons:
• Expectations of increased global demand in the last quarter of the year.
• OPEC+ statements regarding the possibility of further production cuts are supporting prices.
• Conversely, rising US inventories are limiting strong upward movement.

Expectation:
• A break above the 61.20 resistance opens the way to 63.00.
• A break below the 59.20 support could lead to a decline to 57.80.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Overall Trend: Upward within a symmetrical triangle pattern.
MACD indicator is in positive territory and shows strong upward momentum.
Price is above the moving average with a moderate upward slope.

Reasons:
• Continued gains in the technology sector, supported by corporate earnings.
• Expectations of an interest rate cut in the first half of next year.
• A weaker US dollar boosts investor appetite for equities.

Expectation:
• A break above 26,300 could push the index to 26,600.
• A break below the support level of 25,850 could lead to a decline back to 25,500.
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Overall Trend: Moderately bullish within an ascending channel.
MACD indicator in positive territory with balanced momentum.
Price above moving average with signs of stabilization.

Reasons:
• Optimism regarding earnings from industrial and financial companies.
• Easing concerns about a US recession.
• Support from the energy sector following the recovery in oil prices.

Expectation:
• A break above 47,850 could push the index to 48,200.
• A break below 47,300 could retest support at 46,900.


 

- A look at yesterday report dated October 28, 2025.

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