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Aug 20, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

  • Overall Trend: Bearish, forming a symmetrical triangle.
  • Support: 3315 – strong horizontal level.
  • Resistance: 3365 – triangle top.
  • MACD: Bearish but weakening.
  • Outlook: Approaching a key support. Holding above 3315 may trigger a bounce to 3340–3360. A break below it may accelerate the drop.
     
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

  • Overall Trend: Testing the bearish trendline.
  • Support: 61.75
  • Resistance: 63.20
  • MACD: Turning slightly bullish.
  • Outlook: Price is attempting to break the downtrend. A successful breakout may lead to 63.20, while rejection below 61.75 maintains bearish pressure.
     
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

  • Overall Trend: Bullish but testing channel support.
  • Support: 23200 – major support.
  • Resistance: 23800 then 23950
  • MACD: Still bearish.
  • Outlook: A potential rebound from 23200. Holding above it can fuel a recovery to 23750–23950. A break below support opens downside risk.
     
US30 chart on the hourly time frame

US30 chart on the hourly time frame

  • Overall Trend: Bullish within an upward channel.
  • Support: 43960
  • Resistance: 45230 – previous high.
  • MACD: Bullish momentum slowing down.
  • Outlook: Holding above 44500 supports a push to 45000+. A break below the channel support could lead to 44150 or 43960.

 

- A look at yesterday's report dated August 19, 2025.

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