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Jul 23, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

  • Trend: Up
  • Current situation: The price is above strong support (approximately 3368) and within an ascending channel.
  • MACD: Very positive, but starting to slow down.
  • Expectation: Further upside towards 3435 and then 3450 as long as 3400 is not broken.
  • A break of 3400 would return the price to the 3368-3340 area.
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

  • Trend: Sideways within a triangle
  • Current situation: The price is in the middle of two converging support and resistance levels (currently 65.40).
  • MACD: Weak and volatile.
  • Expectation: Expect a clear break of one end of the triangle (66.20 or 64.80) to confirm the upcoming trend.
  • Upside break = Buy, Downside break = Sell.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

  • Trend: Upward within a channel
  • Current status: Downward correction from the top, still within the channel.
  • MACD: Negative.
  • Expectation: Continuation of correction towards 22900 – 22850, then a rebound.
  • Break of 22850 = a significant weakness signal.
     
US30 chart on the hourly time frame

US30 chart on the hourly time frame

  • Trend: Upward sloping sideways
  • Current situation: The price is at strong resistance (44580 – 44640).
  • MACD: Positive but near its peak.
  • Expectation: A slight correction or price rejection from resistance is possible. Watch for a strong candlestick break to confirm the upward trend.
  • A break of 44400 could open the way for a corrective decline toward 44200.

- A look at Fridays's report dated July 22, 2025. 

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