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Jan 27, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains its medium-term uptrend, despite experiencing a limited correction after reaching new highs. The price remains above the ascending trendline, while the MACD indicates waning momentum without breaking the positive structure.

General Trend: Upward
Support: 4980 – 4920
Resistance: 5070 – 5120

Expectation: Holding above 4980 supports targeting new highs, while a break below it could open the door for a wider correction.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading near key resistance levels after a notable recovery from recent lows.

Improved market sentiment and supportive demand have contributed to this rise, but weak momentum may temporarily limit gains.

Overall Trend: Neutral to Bullish
Support: 59.10 – 58.40
Resistance: 61.20 – 62.00

Expectation: A break above 61.20 could support further gains, while a failure could see prices retest 59.10.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq is trading near its all-time highs, supported by continued momentum in technology stocks and improved risk appetite.

While the uptrend remains intact, momentum indicators are showing signs of overbought conditions, which could push the index into a short-term sideways movement.

Overall Trend: Upward
Support: 25,300 – 24,950
Resistance: 26,200 – 26,600

Expectation: A break above 26,200 would confirm the continuation of the upward move towards 26,600, while failure to hold above this level could lead to a limited correction towards 25,300 without altering the overall trend.
 

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones continues its steady upward movement, supported by traditional sector stocks, trading above strong support levels.

Momentum remains positive, but the index's approach to historical resistance levels could trigger temporary profit-taking.

General Trend: Upward
Support: 48,700 – 48,200
Resistance: 49,800 – 50,300

Expectation: Holding above 48,700 strengthens the chances of targeting 49,800 and then 50,300. However, breaking this support could lead to a wider correction without disrupting the medium-term upward trend.
 

- A look at yesterday report dated Jan 26, 2025.

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