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Jan 23, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains a clear bullish structure within an ascending channel, trading near highs with continued support from moving averages. MACD remains positive despite some cooling, suggesting possible short-term consolidation without breaking the broader uptrend.

Overall trend: Bullish
 Support: 4870 – 4815
 Resistance: 4995 – 5030

 Outlook: Holding above 4870 keeps the bullish outlook intact, while a break below 4815 may signal a deeper correction.

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil continues to trade in a relatively weak environment, failing to build strong bullish momentum. As long as price remains below nearby resistance, downside bias prevails.

Overall trend: Neutral to bearish
 Support: 58.90 – 58.20
 Resistance: 60.40 – 61.10

 Outlook: Staying below 60.40 favors continued weak and sideways-to-bearish movement.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index trades near record highs, showing clear consolidation signals. Bullish momentum remains, though less aggressive than before.

Overall trend: Bullish with consolidation
 Support: 25,050 – 24,600
 Resistance: 25,900 – 26,300

 Outlook: Holding above 25,050 supports the case for a renewed upside move later on.

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow remains near highs, with sideways movement reflecting profit-taking. No strong technical signals yet point to a bearish reversal.

Overall trend: Bullish, leaning to consolidation
 Support: 48,700 – 48,000
 Resistance: 49,900 – 50,400

 Outlook: Holding above 48,700 keeps the bullish structure intact, with continued range-bound trading likely.

- A look at yesterday report dated Jan 22, 2025.

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