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Jan 09, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is moving within a short-term bullish technical pattern, but is facing strong resistance near the upper channel boundary. The recent bounce reflects a limited return of buying interest, while the MACD shows a slowdown in positive momentum, suggesting continued volatility before a clear direction emerges.

Overall trend: Neutral with a bullish bias
Support: 4430 – 4395
Resistance: 4475 – 4510

Expectation: A break above 4475 could open the way towards 4510, while a failure could bring renewed pressure towards 4395.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is moving sideways with a downward bias after a previous pullback, with limited attempts to stabilize above psychological support levels. Weak momentum reflects a wait-and-see approach in the markets amid a balance between demand concerns and supply expectations.

Overall Trend: Neutral with a downward bias
Support: 57.40 – 56.60
Resistance: 59.30 – 60.10

Expectation: A break below 57.40 could bring back selling pressure, while a break above 59.30 could support a limited upward correction.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq remains in a general uptrend, but has entered a technical correction phase after recent highs. The current volatility reflects profit-taking, while the bullish structure remains intact as long as the index stays above key support levels.

Overall Trend: Corrective Upward
Support: 25,100 – 24,750
Resistance: 25,900 – 26,300

Expectation: Holding above 25,100 supports the chances of a renewed upward move, while a break could widen the correction.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is moving near its all-time highs with a clear slowdown in momentum, indicating that the market is consolidating. The overall picture remains positive, but the possibility of a correction remains in the short term.

Overall trend: Weakly bullish
Support: 48,750 – 48,200
Resistance: 49,650 – 50,100

Expectation: A break above 49,650 would reinforce the continuation of the bullish trend, while a break below 48,750 could trigger a wider correction.
 

- A look at yesterday report dated Jan 8, 2025.

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