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Nov 10, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is moving within an ascending channel on the hourly timeframe, following a strong rebound from the $3920 support level. This rebound is driven by a slight decline in the US dollar amid growing expectations that the Federal Reserve will maintain its current interest rate hike.

Technical indicators (MACD and moving average) point to strong positive momentum, but the price faces significant resistance at $4055-$4065.

  • Overall trend: Short-term bullish
  • Support: $4010-$3975
  • Resistance: $4055-$4090

Expectation: A break above $4065 could extend the rally towards $4100, while a break below $4010 would bring renewed downward pressure towards $3975.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Oil is trading near critical support levels after last week's declines, driven by market concerns about slowing global demand versus stable OPEC+ production.

The overall trend remains bearish in the short term, with prices still under pressure from ample supply and rising US inventories.

  • Overall Trend: Bearish
  • Support: 59.70 – 58.90
  • Resistance: 61.20 – 62.50

Expectation: Sideways trading is expected to continue, with a limited corrective bounce possible if 61.20 is breached.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq is trading near strong resistance levels after a sustained rally in recent sessions, fueled by a recovery in technology stocks and a return of risk appetite to the markets.

However, concerns about slowing economic growth and rising bond yields continue to exert some pressure on the index in the short term.

The overall trend remains bullish in the medium term, with the possibility of limited profit-taking corrections before the upward movement resumes.

  • Overall Trend: Bullish
  • Support: 24,950 – 24,600
  • Resistance: 25,750 – 26,100

Expectation: Continued trading within a sideways range with an upward bias, with a potential test of the 26,100 resistance level if the buying momentum persists.
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is trading near all-time highs following a strong performance from industrial and financial stocks, supported by market optimism regarding the stability of US monetary policy.

However, there are signs of slowing buying momentum, which could lead to a limited correction before any new attempts to break through the current highs.

The overall trend remains bullish in the medium and long term.

  • Overall trend: Bullish
  • Support: 46,400 – 45,900
  • Resistance: 47,800 – 48,300

Expectation: A limited correction towards support levels is likely before the upward trend resumes, with the overall outlook remaining positive as long as the index trades above 45,900.
 

 

- A look at last week report dated Nov 7, 2025.

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