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Dec 02, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is currently trading at 4222.27 within a clear ascending channel following a strong upward move. Despite some recent corrective pullbacks, overall momentum remains positive and the MACD is in positive territory with slight signs of slowing.

Overall Trend: Upward
Support: 4187 – 4130
Resistance: 4250 – 4264

Expectation:
Holding above 4210–4220 strengthens the likelihood of further gains toward 4250; however, a clear drop below 4187 would signal a temporary profit-taking round.
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is stabilizing near 59.45 after fluctuations, awaiting OPEC+ moves and demand news. The range remains limited and momentum is volatile.

Overall Trend: Neutral
Support: 58.70 – 57.90
Resistance: 60.30 – 61.10

Expectation:
A break below 60.30 would push prices toward 61.10, or a resumption of the decline toward 58.20 if this fails.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq continues within an ascending channel, but indicators show slowing momentum near key resistance levels, suggesting volatility before a new trend emerges.

General Trend: Upward
Support: 25,180 – 24,890
Resistance: 25,500 – 25,740

Expectation:
A clear break above 25,500 will lead towards 25,740.
A drop below 25,180 could trigger a correction towards 24,890.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow is moving near its all-time high with an upward bias, but momentum is starting to weaken slightly, which may cause sideways movement before the next direction is determined.

General Trend: Moderate Upward
Support: 46,980 – 46,650
Resistance: 47,420 – 47,700

Expectation:
A break above 47,420 supports a target of 47,700.
Any decline below 46,980 could trigger a correction towards 46,650.
 

- A look at yesterday report dated Dec 1, 2025.

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