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Sep 03, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

  • Trend: Strong bullish.
  • Support: 3375 and 3340.
  • Resistance: None nearby – price is at new highs.
  • Price Action: Clean breakout through resistance.
  • MACD: Extremely bullish.

 Scenario:
 Trend remains strong. Buy-the-dip strategy is ideal. As long as price holds above 3375, the next target could be 3570–3600.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

  • Trend: Bullish.
  • Support: 63.90–64.00.
  • Resistance: 65.69 (upper channel line).
  • Price Action: Price is nearing the top of an ascending channel.
  • MACD: Still bullish, but momentum is slowing.

Scenario:
 A short-term pullback is possible near current levels. Best to buy near support or lower channel areas.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

  • Trend: Temporarily bearish.
  • Support: 23264 and 23057.
  • Resistance: 23504 and 23728.
  • Price Action: Bounced from key support, showing some recovery.
  • MACD: Bearish but flattening.

Scenario:
 Price could push higher toward 23500–23600 in a correction. Falling below 23264 again could resume the downtrend.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

  • Trend: Short-term bearish.
  • Support: 45059 (ascending trendline).
  • Resistance: 45396 and 45734.
  • Price Action: Rejection from key resistance led to a drop.
  • MACD: Bearish, momentum still strong.

 Scenario:
 Below 45396, the bias remains bearish. If 45059 breaks, expect more downside.

- A look at yesterday's report dated Sep 2, 2025.

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