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Jun 02, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

After rebounding from 3275, gold is testing new resistance levels, supported by declining US bond yields. 
  • Resistances: 3328 – 3345 – 3360
  • Supports: 3290 – 3275 – 3255
Expectation: The technical rebound is likely to continue towards 3345 provided it remains above 3290.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3360
3345
3328
3313.00
3290
3275
3255
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil continues its attempts to stabilize above 61.00 after all of Fridays's targets were activated, while the market awaits any indications of a new supply cut.
  • Resistances: 62.50 – 63.10 – 64.00
  • Supports: 61.20 – 60.00 – 59.40
Expectation: Limited upside provided 61.20 is maintained, with risks remaining if 60.00 is broken again.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
64.00
63.10
62.50
61.855
61.20
60.00
59.40

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