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Jan 28, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues its very strong upward trend, setting new all-time highs, while trading remains above all major moving averages, reflecting a clear dominance of buying momentum and continued demand for safe-haven assets. The recent surge above $5200 confirms gold has entered a momentum phase. However, approaching these very high levels could open the door for limited technical corrections without altering the overall bullish trend.
Any pullback towards the $5180-$5100 area could be seen as a healthy retest, provided it isn't broken by a clear close.

Overall Trend: Strong Bullish
Support: $5180-$5100
Resistance: $5300-$5450

Expectation: Holding above $5180 maintains the positive outlook, with the potential for further gains towards $5300 and then $5450 remaining. A break below $5100 could open the door for a deeper correction.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is moving in a moderately upward range after a clear rebound from lower levels, with the price stabilizing above key support zones. Current trading suggests an attempt to establish a price base in preparation for further gains.
A clear break above 63.50 could support an extension of the wave towards 65.00, while a return below 61.80 could bring back selling pressure.

Overall Trend: Neutral with a slight upward bias
Support: 61.80 – 60.90
Resistance: 63.50 – 65.00

Expectation: A break above resistance reinforces the bullish scenario, while a break below support would return the price to a weaker sideways range.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index continues to trade near its all-time highs with a relative slowdown in upward momentum. While the overall trend remains positive, recent movement suggests the possibility of a limited correction or sideways movement.

Overall Trend: Upward with potential for correction
Support: 25800 – 25250
Resistance: 26350 – 26800

Expectation: Holding above 25800 keeps the upward trend intact, while a break below this level could open the door for a wider correction.
 

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is moving in a stable upward trend while maintaining trading above key support levels. Momentum remains positive, but approaching psychologically significant levels could trigger some market consolidation.

General trend: Upward
Support: 48600 – 47950
Resistance: 49250 – 50000

Expectation: A break above 49250 could support further upward movement, while a failure to do so could lead to a correction towards 48600.
 

- A look at yesterday report dated Jan 27, 2025.

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