FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

Jan 06, 2026

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues its recovery from the recent low near 4310 and is currently trading towards the upper boundary of the descending channel.

The improvement is supported by a weakening dollar and a return of hedging demand. The MACD indicator is showing rising positive momentum, which reinforces the chances of a continuation of the corrective move.

Overall trend: Neutral with a slight upward bias
Support: 4350 – 4310
Resistance: 4470 – 4515

Expectation: A break above 4470 could open the way towards 4515, while a failure to do so could lead the price back to retest the support levels.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading in a narrow range with a downward bias, influenced by concerns about slowing global demand. Despite attempts to rebound, momentum remains weak, indicating a lack of strong bullish catalysts at present.

Overall Trend: Neutral with a slight downward bias
Support: 57.20 – 56.40
Resistance: 59.30 – 60.10

Expectation: A break below support could deepen losses, while a break above 60.10 could change the negative outlook in the short term.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The index continues to trade within an upward trend, supported by strong momentum from technology stocks. However, approaching historical highs may trigger some short-term consolidation.

Overall Trend: Upward
Support: 25,100 – 24,800
Resistance: 25,700 – 26,000

Expectation: A break above 25,700 would strengthen the chances of continuing the upward movement towards 26,000, while failure to do so could lead to a corrective move towards 25,100 without altering the overall trend.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The index maintains its positive trading above key support levels, with a tendency towards sideways movement due to limited profit-taking.

Overall trend: Upward
Support: 48,600 – 48,200
Resistance: 49,300 – 49,800

Expectation: Holding above 48,600 supports the continuation of the upward trend and a target of 49,800, while a break below support could lead to a limited correction towards 48,200.
 

- A look at yesterday report dated Jan 5, 2025.

To open Live account click here 

Previous Post
Technical analysis of currencies
Next Post
Currency Update
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all