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Jan 20, 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, consolidating near new highs supported by a weaker dollar and renewed hedging demand. The MACD indicator has exited negative territory and is showing a gradual improvement in momentum.
Overall trend: Bullish
Support: 4535 – 4500
Resistance: 4680 – 4720
Expectation: Continued trading above 4535 supports targeting new highs, while a break below support could lead to a correction within the channel.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is moving sideways with a slight upward bias after a previous downward move, supported by expectations of improved demand against continued concerns about global growth. Momentum is balanced without a clear direction.
Overall Trend: Neutral with a slight upward bias
Support: 58.40 – 57.60
Resistance: 60.20 – 61.50
Expectation: A break above 60.20 strengthens the bullish outlook, while a break below 58.40 could bring back selling pressure.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index continues to trade near its all-time highs, supported by technology stocks, but momentum is showing signs of cooling, with the possibility of short-term profit-taking.
Overall Trend: Upward
Support: 24,900 – 24,500
Resistance: 25,400 – 25,700
Expectation: Holding above 24,900 maintains the positive trend.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is moving in a stable upward trend, supported by strong performance from traditional sector stocks. Momentum is positive without clear reversal signals.
Overall Trend: Upward
Support: 48,200 – 47,600
Resistance: 49,200 – 49,800
Expectation: Continued trading above 48,200 supports the continuation of the gradual upward movement.
 

- A look at yesterday report dated Jan 19, 2025.

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