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Jan 29, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold maintains a strong upward trend and is trading near all-time highs, with buyers continuing to dominate the overall technical picture. The MACD indicator has returned to positive momentum after a limited correction, supporting the likelihood of continued upward movement as long as the key support level is not broken.

Overall trend: Strong upward
Support: 5180 – 5050
Resistance: 5320 – 5450

Expectation: Holding above 5180 maintains the upward trend, with the possibility of targeting new highs, while breaking below 5050 could open the door to a deeper correction without breaking the overall trend.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is moving within a moderately positive range, with clear attempts to establish a new upward trend above key support levels, amid a balance between fundamental factors and technical signals.

Overall Trend: Neutral with a slight upward bias
Support: 62.10 – 61.20
Resistance: 64.80 – 66.20

Expectation: Holding above 62.10 keeps the upside potential alive, while a break below it would return oil to a wider sideways range.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is moving in a sideways range with a downward bias after a strong upward surge, with positive momentum waning and technical indicators showing signs of cooling.

General Trend: Neutral with a downward bias
Support: 25,720 – 25,300
Resistance: 26,420 – 26,850

Expectation: Holding above 25,720 maintains the potential for consolidation, while a break below this level could deepen the correction.
 

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index continues to hold above previous highs with a slight tendency to cool after recent gains, as investors await a clearer direction.

General trend: Neutral with a slight upward bias
Support: 48,400 – 47,900
Resistance: 49,600 – 50,200

Expectation: Holding above 48,400 supports the chances of a return to the upside, while a break below this level could open the door for a wider correction.
 

- A look at yesterday report dated Jan 28, 2025.

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