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Aug 04, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Current trend: Short-term bullish.

Description: A strong rebound from strong support and a current test of the upper boundary of the descending channel.
 

Today's Forecast:
🔸 If the channel is broken, we may see gold at 3380 and then 3410.
🔸 If it is rejected, a downward correction towards 3300 is possible.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Current Trend: Downward Correction.


Description: Oil has declined from a high of 70.00 and is now testing an uptrend.


Today's Forecast:
🔸 A potential rebound from 66.30 towards 67.80.
🔸 However, a break of the trend opens the door for a deeper decline towards 65.00.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Current trend: Strongly bearish.


Description: A strong support break at 23,000, and the price is trading near the lower boundary of the channel.


Today's Forecast:
🔸 A corrective rebound is possible towards 22,950 – 23,000.
🔸 However, as long as it remains below 23,100, a decline remains the most likely scenario.


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Current trend: Bearish.


Description: The price is trading below all moving averages and within a strong downtrend after breaking horizontal support.

Today's Forecast:
🔸 A short corrective rebound toward 44,000 is possible.
🔸 However, as long as the pair remains below 44,300, the trend remains downward toward 43,400 or lower.
 

- A look at last week's report dated August 1, 2025.

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