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Jan 26, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains its bullish structure and is trading near new all-time highs within a regular ascending channel. Despite a relative slowdown in momentum, the overall trend remains supportive of further gains.
The MACD indicator is positive and shows an attempt to regain momentum after a limited correction.

General Trend: Upward
Support: 4920 – 4855
Resistance: 5010 – 5070

Expectation: Holding above 4920 supports the continuation of the upward trend, while a break below this level could open the door for a wider correction without breaking the overall trend.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is attempting to consolidate after an upward rebound, but it is still moving within a volatile environment that tends to be weaker compared to metals and indices.

General Trend: Neutral with a slight upward bias
Support: 59.80 – 58.90
Resistance: 62.40 – 63.30

Expectation: Holding above 59.80 could support a new upward attempt, while a break below this level would bring back downward pressure.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is moving near historical highs in a sideways consolidation range after a strong upward surge, with limited profit-taking and no clear bearish reversal signals.

General Trend: Bullish with consolidation
Support: 25,100 – 24,650
Resistance: 25,900 – 26,200

Expectation: Continued consolidation above 25,100 supports the chances of a renewed upward move.
 

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones has entered a consolidation phase after reaching highs, and is moving sideways, suggesting profit-taking rather than a bearish reversal.

Overall trend: Upward trend with a tendency to consolidate
Support: 48,400 – 47,800
Resistance: 49,600 – 50,000

Expectation: Holding above 48,400 keeps the positive trend intact.
 

- A look at last week report dated Jan 23, 2025.

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