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Jan 08, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is declining after failing to break above the upper boundary of the descending channel, influenced by renewed dollar strength and profit-taking. The MACD indicator shows a slowdown in positive momentum, suggesting the correction may continue in the short term.

General Trend: Neutral with a slight downward bias
Support: 4420 – 4390
Resistance: 4470 – 4515

Expectation: A break below support could deepen the correction, while a return above 4470 could temporarily restore upward momentum.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil continues its decline, pressured by a strong dollar and concerns about slowing global demand, with trading remaining below key resistance levels. Momentum remains negative, reflecting weak buying appetite.

Overall Trend: Bearish
Support: 55.60 – 54.80
Resistance: 57.40 – 58.20

Expectation: Continued trading below 57.40 maintains downward pressure, while a break above this level could support a limited corrective bounce.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index is trading near its all-time highs as positive momentum slows, amid investor caution and anticipation of economic data.

General Trend: Upward
Support: 25,200 – 24,900
Resistance: 25,800 – 26,000

Expectation: A break above 25,800 could propel the index towards new highs, while a pullback below support could lead to a limited correction.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index is moving in a sideways range with a downward bias after failing to maintain trading above recent highs, with profit-taking emerging.

General trend: Neutral
Support: 48,400 – 48,000
Resistance: 49,300 – 49,700

Expectation: Holding above 48,400 could support stability, while breaking below it could increase selling pressure.
 

- A look at yesterday report dated Jan 7, 2025.

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