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Aug 05, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

General trend: Bullish corrective.

Current resistance: 3380

Nearest support: 3300

Current situation: Gold has rebounded from strong support and is heading towards the resistance of the downtrend line.

MACD indicator: Remains positive, but shows the beginning of a weakening momentum.

Expected scenario: Monitor price action at the 3380 resistance level. A breakout confirms the continuation of the rise, while a rejection could send the price back to 3300.
 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

General trend: Bearish corrective after breaking the ascending channel.

Nearest support: 65.10

Current resistance: 66.95

Current situation: The price is in a strong support zone (the ascending trend line crosses horizontal support).

MACD indicator: Starting to show slight positive signs.

Expected scenario: We may witness a temporary upward rebound towards 66.95 and then a retest. A downward trend remains likely if the breakout fails.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

General trend: Bullish in a sharp correction wave after a strong decline.

Current resistance: 23,400

Nearest support: 22,800

Current situation: The price is approaching resistance after a strong rise.

MACD indicator: Shows overbought conditions, which could lead to a corrective movement.

Expected scenario: Expect price action at 23,400, either for a breakout and continued upward movement, or a rebound and downward correction.

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

General trend: Bullish correction after a strong downward breakout.

Current resistance: 44,550

Nearest support: 43,400

Current situation: Strong rebound from major support and touching potential resistance areas.

MACD indicator: At an upward peak, which could indicate the beginning of a weakening momentum.

Expected scenario: We may witness a slight downward correction, but the general short-term trend remains positive as long as 43400 is not broken.
 

- A look at yesterday's report dated August 4, 2025.

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