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Jan 19, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains its upward structure within a clear positive channel, following a strong rebound from support levels. The price is trading near key resistances, with a noticeable improvement in bullish momentum on the MACD, reflecting a return of buying demand.
However, approaching the channel's upper levels could trigger a consolidation or limited correction before any further upward movement.
Overall trend: Bullish
Support: 4600 – 4525
Resistance: 4685 – 4750
Expectation: A break above resistance would reinforce the continuation of the bullish trend, while failure to break above it could lead to a temporary correction.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil continues to move within a weak, range-bound range with a general downward bias. Rebound attempts remain limited and lack clear technical confirmation, while pressure persists below resistance levels.
Overall Trend: Neutral with a slight downward bias
Support: 58.40 – 57.60
Resistance: 60.30 – 61.50
Expectation: Holding below 60.30 maintains the negative pressure, while a breakout could support a limited upward correction.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is moving sideways with a downward bias after failing to hold recent highs. Positive momentum has waned, suggesting a consolidation and profit-taking phase.
Overall Trend: Neutral-Bearish
Support: 24900 – 24650
Resistance: 25580 – 25850
Expectation: A break above resistance would restore positive momentum, while a break below support would reinforce the correction.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is experiencing a corrective pullback after a strong rally, with trading remaining near key support levels. The current move appears more like consolidation than a clear bearish reversal.
Overall Trend: Corrective Upward
Support: 48600 – 48150
Resistance: 49550 – 49900
Expectation: Holding above support would support a resumption of the upward move, while a break below would increase the likelihood of a correction.
 

- A look at last week report dated Jan 16, 2025.

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