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Aug 08, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Trend: Bullish after breaking the descending trendline.

Support levels: 3365 – 3320

Resistance levels: 3395 – 3405

MACD: Positive but losing momentum.

Summary: A breakout above 3405 could lead to new highs, but be cautious of a near-term pullback.

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Trend: Bearish after breaking key support and upward trend.

Support levels: 63.00 – 62.20

Resistance levels: 64.90 – 65.80

MACD: Bearish with strong downward momentum.

Summary: Unless 65.00 is broken to the upside, the bias remains negative towards lower levels.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

Trend: Upward movement after a strong rebound, but facing resistance at the descending trendline.

Support levels: 23,200 – 22,950

Resistance levels: 23,450 – 23,540

MACD: Still positive but showing signs of slowing.

Summary: Bullish bias continues, but a break above 23,540 is needed to confirm more upside.


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

Trend: Consolidating inside a symmetrical triangle.

Support levels: 43,800 – 43,550

Resistance levels: 44,400 – 44,600

MACD: Weak momentum; neutral.

Summary: Wait for a clear breakout from the triangle to confirm the next direction.

- A look at yesterday's report dated August 7, 2025.

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