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Nov 07, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Overall trend: Sideways within a symmetrical triangle on the hourly timeframe.

Indicators:

  • The MACD indicator is trending neutral with weak positive momentum.
  • The price is moving between support at 3920 and resistance at 4035. 

Reasons: 

  • Fluctuating risk appetite as the market awaits new US economic data.
  • US Treasury yields are temporarily calm.

Forecast:

  • Breaking the 3920 support level will push the price down to 3870-3840.
  • Breaking the 4035 resistance level could strengthen the upward movement to 4070-4110.
     
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Overall Trend: Correctively bullish after a sharp downward move.

Indicators:

  • MACD is positive, but momentum is weakening.
  • Price is above the short-term moving average but below key resistance at 61.20.

Reasons:

  • Expectations of a decline in US inventories this week.
  • Concerns about slowing Chinese demand are limiting the upside.

Expectation:

  • A break above 61.20 could push the price to 62.50.
  • A break below 59.40 would reopen the decline towards 58.60.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Overall Trend: Sideways with an upward bias.

Indicators:

  • MACD is in positive territory, but momentum is starting to weaken.
  • Price is above the moving average with resistance at 25400.

Reasons:

  • Gains in the technology sector are supporting the index.
  • Expectations of no change in US interest rates are limiting strong upward movement. 

Prediction:

  • A break above 25,400 could open the way to 25,700.
  • A break below 25,000 would confirm a correction to 24,750.
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Overall trend: Upward within a medium-term channel.

Indicators:

  • MACD is positive with steady upward momentum.
  • Price is above the moving average and testing resistance at 47,200.

Reasons:

  • Support from positive corporate earnings.
  • Stable bond yields have boosted risk appetite.

Prediction:

  • A break above 47,200 could push towards 47,450 – 47,600.
  • A break below 46,800 could lead to a correction towards 46,550.
     

 

- A look at yesterday report dated Nov 6, 2025.

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