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Apr 29, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

🔸 Current Situation:
Gold is consolidating after limited declines, supported by ongoing geopolitical concerns and a weaker dollar.

🔹 Expectation:
Stabilization above 3,300 opens the door for an upward attempt towards 3,340. A break above this level could send the price back to the 3,260 range before any new rebound attempt.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3329.42
3324.38
3321.35
3316.16
3311.26
3308.09
3303.05

USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

🔸 Current Situation:
Oil is under clear pressure with declining risk appetite and rising supplies, approaching its monthly lows.

🔹 Expectation:
A move below 61.00 could continue towards 59.80, while a recovery above 61.30 could provide an opportunity to test 62.50 in the short term.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
61.582
61.316
61.142
60.871
60.600
60.438
60.161

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