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Oct 31, 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.

MACD indicator is in positive territory with the beginning of weakening upward momentum.

Price is approaching the upper boundary of the descending triangle around 4020.

Moving averages show resistance at 4025 and support at 3920.

Reasons:
• Rising US Treasury yields are putting pressure on gold.
• Slight improvement in US growth data is strengthening the dollar.
• Profit-taking after the recent upward surge.

Expectation:
• A break above 4025 could push gold towards 4055.
• A break below support at 3920 could lead to a renewed decline to 3870.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Overall Trend: Downward within a wide price channel.

MACD indicator in negative territory with a tendency towards weakening downward momentum.

Price below the moving average, but showing signs of an upward correction.

Reasons:
• Increased US inventories are putting downward pressure on prices.
• Concerns about slowing global energy demand.
• Some support from geopolitical tensions in the Middle East.

Expectation:
• A bounce from the 59.50 level could push oil to 61.20.
• A break below 59.00 opens the way for a decline towards 57.80.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Overall Trend: Sideways with a downward bias after a corrective wave.

MACD indicator in negative territory with slowing downward momentum.

Price below moving average, indicating weak buying confidence.

Reasons:
• Technology stocks decline due to rising US yields.
• Profit-taking after recent gains.
• Investors awaiting earnings reports from major companies.

Expectation:
• A break below the 25,900 support level could push the index towards 25,650.
• A break above the 26,200 resistance level could revive the rally towards 26,500.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Overall Trend: Upward within a medium-term price channel.

MACD indicator is positive with a tendency towards stability.

Price is above the short-term moving average, indicating continued upward momentum.

Reasons: 
• Major corporate earnings results were better than expected.
• A slight decline in US yields boosted risk appetite.
• Support from the banking and energy sectors.

Expectation: 
• Continued upward movement towards 47,780 and then 48,000. 
• A break below the 47,350 support level could push the index towards 47,120.

 

- A look at yesterday report dated October 30, 2025.

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