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Aug 07, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Trend: Bullish within a falling channel.

Note: Price is testing the descending trendline around 3380–3390.

MACD: Slightly negative despite recent upside.

Possible Scenario: Break above 3390 could open further upside. Rejection may send price back towards 3340.

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Trend: Bearish.

Note: Price has broken the key support at 64.90 and is now around 64.10.

MACD: Clearly negative.

Possible Scenario: Continued decline towards 63.20, possibly 62.00, unless the price reclaims 64.90 quickly.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

  • The price has rebounded from strong support but remains within a descending channel.
  • It is currently testing the resistance of the downtrend line.
  • The MACD is positive but starting to slow.
  • A break of 23,100 is required to confirm the continuation of the uptrend.


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Trend: Bullish within a downward channel.

Note: Price is approaching the upper boundary of the channel near 23,390.

MACD: Positive.

Possible Scenario: A breakout from the channel confirms bullish continuation. Otherwise, a rejection could lead to a downward pullback.
 

- A look at yesterday's report dated August 6, 2025.

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