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Jan 22, 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 is currently experiencing a downward correction after reaching new highs.

The price remains above the key support, indicating that the current decline is corrective rather than a trend reversal.

Weak momentum on the MACD supports the scenario of a temporary consolidation before any new move.

General Trend: Corrective Upward
Support: 4750 – 4685
Resistance: 4835 – 4890

Expectation: Holding above 4750 could restore upward momentum, while a break below it would increase corrective pressure.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading near key psychological support levels, amid a balance between concerns about slowing global demand and attempts at technical stabilization. Technical indicators reflect weak momentum, but without any decisive breakout signals yet.

General Trend: Neutral with a Bearish Slight Toward Breakout
Support: 59.80 – 58.90
Resistance: 61.50 – 62.30

Expectation: Holding above 59.80 could support a limited rebound, while a break below it opens the door for further declines.
 

 
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 slowing after a strong rally. Signs of horizontal consolidation are appearing, which could precede a significant move in the near term.

Overall Trend: Upward with a Pause
Support: 25100 – 24750
Resistance: 25600 – 25850

Expectation: A break above the recent high would reinforce the uptrend, while a break below 25100 could trigger a deeper correction.
 

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is moving within a narrow sideways range, lacking strong catalysts for a clear breakout. This consolidation reflects a wait-and-see approach in the markets and often precedes a strong move.

Overall Trend: Neutral
Support: 48,800 – 48,350
Resistance: 49,450 – 49,800

Expectation: A break above 49,450 would confirm the continuation of the upward trend, while a break below support would suggest a limited correction.
 

- A look at yesterday report dated Jan 21, 2025.

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