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Feb 06, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is moving below a short-term downtrend line after a previous upward surge and is currently trading near 4890 with limited selling pressure persisting. The MACD indicator shows a slowdown in positive momentum and a gradual shift towards neutral, reflecting a wait-and-see approach in the market.

Overall trend: Corrective downward
Support: 4850 – 4735
Resistance: 4980 – 5060

Expectation: A break below 4850 could open the way for a test of 4735, while a break above 4980 would revive the upward momentum.
 

 
XAG/USD chart on the hourly time frame

XAG/USD chart on the hourly time frame

Silver is moving within a corrective range after a strong upward surge, with relative stability above the 74.00 level. The momentum indicator suggests a gradual easing of selling pressure.

Overall trend: Neutral with a slight upward bias
Support: 74.00 – 72.80
Resistance: 76.20 – 77.50

Expectation: A break above 76.20 strengthens the chances of a continued recovery, while a break below 74.00 could widen the correction.
 

 

 

USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is moving sideways with a clear lack of momentum, in the absence of strong catalysts to drive a clear direction.

Overall trend: Sideways
Support: 63.00 – 61.80
Resistance: 65.20 – 66.00

Expectation: Trading below 65.20 keeps the movement limited, and only a break above this level could open the way for a broader upward surge.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is fluctuating after a strong upward move, holding above the 24350 support level. Momentum is slowing but has not yet turned negative.

Overall Trend: Upward with Volatility
Support: 24350 – 24100
Resistance: 24700 – 24950

Expectation: Holding above support maintains the positive outlook, while a break below it could trigger a deeper correction.
 

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is trading below its recent highs with limited corrective bias. The current movement appears to be consolidating, awaiting a new catalyst.

Overall Trend: Neutral with a slight upward bias
Support: 48500 – 48150
Resistance: 49200 – 49500

Expectation: A break above 49200 would strongly revive positive momentum, while a break below 48500 could widen the correction range.
 

- A look at yesterday report dated Feb 5, 2025.

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