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Apr 11, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold extended its rally, driven by escalating US-China trade tensions and rising global market uncertainty. Expectations of a more dovish stance from the Federal Reserve also supported demand. If momentum continues, prices may test $3235. A period of profit-taking or easing fears could bring prices back to around $3175.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3225.82
3218.80
3213.66
3206.69
3199.31
3194.40
3187.23
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices held steady despite some volatility, as markets await signals from OPEC+ on potential output cuts amid concerns over slowing global demand. If bullish supply news emerges, prices could climb toward $61.30. On the downside, weaker demand expectations might drag prices back to $59.20.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
60.865
60.659
60.507
60.300
60.081
59.959
59.752
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