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Jan 02, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is attempting to rebound from a strong support zone near 4310-4330 after a sharp decline from recent highs.

The MACD indicator remains in negative territory but is showing gradual improvement in momentum, supporting the idea of ​​a technical bullish correction.

A break above 4395 could open the way towards 4450, while a break below support would bring back selling pressure.

Overall trend: Corrective within a larger uptrend
Support: 4310-4270
Resistance: 4395-4450

Expectation: The rebound from support may continue, but confirmation requires a break above resistance.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading in a narrow range near $58 amid a balance between global demand concerns and supply cut expectations.

Momentum is relatively weak, with a tendency towards sideways movement in the absence of strong catalysts.

Overall Trend: Sideways with a downward bias
Support: $56.80 – $55.90
Resistance: $58.90 – $60.00

Expectation: Continued volatility unless new fundamental factors emerge.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is currently moving within a sideways corrective range after a strong upward surge that saw it reach record highs, amid growing caution regarding technology stock valuations and anticipation of economic data and Federal Reserve policy.

The positive momentum has slowed somewhat, but no strong bearish reversal signals have yet emerged.

Overall Trend: Corrective within an Uptrend
Support Levels: 25200 – 24850
Resistance Levels: 25800 – 26050

Expectation:
Holding above 25200 keeps the possibility of a rebound towards 25800 and then 26050 open. However, a clear close below 24850 could trigger a deeper correction before the index attempts to resume its main uptrend.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is showing relative consolidation above support levels after the recent rally, supported by strong performance from defensive and industrial stocks, which is mitigating volatility compared to technology indices.

The current movement reflects a balance between profit-taking and continued investment inflows. General

Trend: Neutral with a slight upward bias
Support Levels: 47900 – 47550
Resistance Levels: 48650 – 49000

Expectation:
Maintaining trading above 47900 supports continued upward attempts towards 48650 and then 49000. Conversely, breaking below 47550 could open the door for a limited corrective pullback without altering the medium-term positive trend.
 

- A look at yesterday report dated Dec 31, 2025.

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