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Jan 15, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is moving within a clear ascending channel but has failed to maintain trading near the upper boundary, indicating the beginning of a downward correction within the overall uptrend.

Moving averages have started to decline, and the MACD is retreating from positive highs, supporting a correction scenario.

Overall Trend: Corrective Upward
Support: 4485 – 4430
Resistance: 4565 – 4620

Expectation: Holding above 4430 maintains the upward trend, while a break below it could open the door for a deeper correction towards 4375 before any new upward attempt.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is moving in a sideways range with a downward bias after failing to stabilize above 61.00, amid concerns about slowing global demand. The price is trading below its moving averages, while the MACD is showing weak negative momentum, indicating consolidation rather than a downward push.

General Trend: Neutral with a slight downward bias
Support: 59.20 – 58.40
Resistance: 60.80 – 61.70

Expectation: A break below 59.20 could bring renewed pressure towards 58.40, while a return above 60.80 would temporarily alleviate the negative sentiment.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq is trading near its all-time highs as optimism surrounding the technology sector persists, but momentum is beginning to subside after a strong rally. The MACD indicator remains positive, but negative divergence warrants caution.

Overall Trend: Upward with a tendency toward correction
Support: 25,050 – 24,600
Resistance: 25,700 – 26,000

Expectation: A break above 25,700 would reinforce the continuation of the upward trend, while a failure could lead to profit-taking towards 25,050.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is moving in a stable upward trend within an ascending channel, supported by industrial and financial stocks. Momentum is positive but at a slower pace, suggesting the possibility of consolidation before any new strong move.

General trend: Upward
Support: 48,600 – 47,900
Resistance: 49,500 – 50,000

Expectation: Holding above 48,600 maintains the positive outlook, while a break above 49,500 could open the way to the psychological level of 50,000.
 

- A look at yesterday report dated Jan 14, 2025.

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