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Jan 12, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains its medium-term upward trend within a clear ascending channel, holding near recent highs.

Despite a slight correction, the price remains above key support levels.

The MACD indicator is in positive territory, reflecting continued positive momentum despite a relative slowdown.

Overall trend: Upward
Support: 4460 – 4415
Resistance: 4560 – 4605

Expectation: Any stability above 4460 supports the likelihood of a renewed upward move, while a break below this level could trigger a deeper correction within the uptrend.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading near lows within a clear sideways range, with weak momentum and a lack of a strong trend.

Recovery attempts remain limited, under continued technical pressure below nearby resistance levels.

Overall Trend: Sideways with a downward bias
Support: 49.20 – 47.80
Resistance: 51.30 – 53.00

Expectation: Stability above 49.20 could allow for limited upward movement, while a break below this level would bring downward pressure back.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is moving near its all-time highs with a noticeable slowdown in upward momentum.

The current movement seems more like a pullback and profit-taking move than a clear trend reversal.

Overall Trend: Upward with Consolidation
Support: 25,200 – 24,750
Resistance: 25,900 – 26,300

Expectation: Maintaining trading above support supports the continuation of the upward trend, while a break below it could open the door for a wider correction.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is trading in a sideways-to-downward range after failing to break through recent highs, with signs of weakening upward momentum.

Overall trend: Sideways-to-downward
Support: 48,600 – 47,900
Resistance: 49,800 – 50,400

Expectation: A break above resistance would restore upward momentum, while a break below support could deepen the correction.
 

- A look at last week report dated Jan 9, 2025.

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