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Jan 16, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues to trade within a medium-term ascending channel, but the price is currently moving near the upper channel boundary with signs of slowing momentum. The MACD indicator is beginning to lose its positive strength, which could indicate a short corrective phase before the trend resumes.

General Trend: Upward with a Corrective Tendency
Support: 4520 – 4460
Resistance: 4635 – 4680
Expectation: Failure to break above 4635 could push the price towards 4520, while a clear breakout could open the way for a new upward wave.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading in a sideways range with a downward bias after several failed attempts to break through higher resistance levels, while pressure continues from the moving averages. Momentum is weak, and the MACD indicator is moving in negative territory, reflecting the fragility of the current rebound.

Overall Trend: Neutral with a downward bias
Support: 57.40 – 56.20
Resistance: 60.10 – 61.80
Expectation: A break below 57.40 could resume the downward trend towards 56.20, while holding above 60.10 could give oil a chance for a temporary recovery.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq is moving within a higher sideways range after a strong upward surge, with the price failing to establish clear new highs so far. The MACD indicator is gradually declining, reflecting weakening positive momentum and the beginning of a potential corrective phase.

General Trend: Weak Upward with a Correction Tendency
Support: 25350 – 24980
Resistance: 25850 – 26200
Expectation: A break below 25350 could deepen the correction towards 24980, while a break above 25850 would restore upward momentum.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones continues to trade near its all-time highs with limited volatility, reflecting a cautious market sentiment. Momentum remains positive but at a weaker pace, while the MACD suggests a possible short-term technical correction before the trend resumes.

Overall Trend: Upward with a tendency towards consolidation
Support: 48900 – 48250
Resistance: 49850 – 50500
Expectation: Holding above 48900 maintains the positive outlook, while a break below this level could trigger a broader correction towards 48250.
 

- A look at yesterday report dated Jan 15, 2025.

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