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Jul 17, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

General trend: Upward within an ascending channel.


Recent movement: Bullish bounce after testing the lower trend line at 3310–3300.


Nearby support: 3334 then 3300.


Nearby resistance: 3361 then 3375 (potential double top).


MACD: Beginning to shift to bullish momentum again.


Expectation:
Gold is showing a positive bounce and may head towards testing the 3360–3375 levels, with the uptrend remaining intact unless the 3300 support level is broken.
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

General trend: Upward in the medium term, but currently in a downward correction.


Recent Movement: Bullish Rebound After Reaching a Key Support Area Near 64.50.


Nearby Resistance: 65.85 – 66.00 (Broken Blue Line Has Become Resistance).


Nearby Support: 64.50, then 63.80.


MACD: Shows the beginning of a positive turnaround after a long downtrend.


Expectation:

The price is attempting to consolidate above the support level, showing a rebound supported by the moving averages crossing.


A successful break above 65.85 could push the price back towards 66.80 – 67.10.


Failure to hold above 65.00 could push the price back towards 64.50, then 63.80.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

General Trend: Upward, with a recent downward correction.


Nearest Support: 22745 – Strong support + previous low.


Nearest Resistance: 23030 – Current all-time high.


MACD: Positive momentum weakens after an upward wave.


Expectation:

Limited volatility likely between 22745 and 23030. A break of support could push the index further down toward 22,600, while a break above the high could open the way toward 23,200.
 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

General trend: Sideways to bearish in the short term, after a failure to break through strong resistance.


Nearest support: 44,000 – psychological and technical support.


Nearest resistance: 44,400 – an important previous high.


Technical indicators:

MACD: A slight negative crossover, indicating a slowdown in upward momentum.


Average moving averages: The price is trading around the 50-day moving average, reflecting hesitation in the trend.

Forecast:

Positive scenario: A rebound from the 44,000 level could retest 44,400 and then 44,650.


Negative scenario: A break of the 44,000 support could push the price toward 43,750 and then 43,500.

- A look at yesterday's report dated July 16, 2025. 

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