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Nov 06, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Overall trend: Sideways with a downward bias within a clear support and resistance range.

  • MACD is showing a positive turn, but remains below the zero line.
  • Price is moving near the moving average, with a slight upward bias.
  • Support: 3920
  • Resistance: 4038

Reasons:
• Markets are awaiting US inflation data.
• Stable US Treasury yields have limited gold's gains.
• Weakened demand for safe havens as risk appetite improves.

Expectation:

  • A break above 4038 could push gold towards 4075.
  • A break below 3920 could open the way for a decline to 3860.
     
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Overall Trend: Downward but attempting to establish a strong support base.

  • MACD shows the beginning of a positive crossover after a prolonged downward trend.
  • Price is above a key technical support level at 59.50.

Reasons:
• Declining US inventories provided temporary support for prices.
• Concerns about a global economic slowdown continue to limit upside.
• Statements from OPEC+ regarding the possibility of further production cuts.

Expectation:

  • Holding above 59.50 supports a rebound towards 61.20.
  • A break below 59.00 would trigger a decline to 57.80.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Overall Trend: Downward within a corrective channel after a strong upward surge.

  • MACD is in negative territory but approaching a bullish crossover.
  • The price has started trading above the short-term moving average, indicating the beginning of stabilization.

Reasons:
• Easing inflation concerns and improved results from some technology companies.
• Pressure from the Federal Reserve's interest rate statements.

Expectation:

  • Holding above 25,500 supports a rise towards 26,100.
  • Break below 25,300 could lead to a decline towards 24,900.
     


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Overall trend: Sideways with an upward bias.

  • MACD is positive with moderate momentum.
  • Price is moving above the short-term moving averages.

Reasons:
• Industrial earnings results were better than expected.
• Recession fears have eased, supporting stocks.
• Awaiting US jobs data to confirm the trend.

Expectation:

  • Continued trading above 47,200 supports a move towards 47,600.
  • A break below 47,000 could send the index back down to 46,700.

 

- A look at yesterday report dated Nov 5, 2025.

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