General trend: Bearish correction after an uptrend
Support: 3326
Resistance: 3436
MACD: Continued bearish momentum
Expectation: Gold may continue its decline until the uptrend support, then monitor the reversal from there.
USOIL Chart on the hourtly time frame
General trend: Consolidating triangle (tightening movement)
Support: 64.90
Resistance: 66.60 – 67.70
MACD: Weak with a negative slope
Expectation: The price may attempt to rise towards resistance, but a break of any leg of the triangle will determine the next direction.
USTEC chart on the hourly time frame
General trend: Strongly bullish within a channel
Support: 23,298 – then 22,957
Resistance: No clear resistance (new highs)
MACD: Strong bullish momentum
Expectation: Continued upward movement unless the initial support is weakened or broken.
US30 chart on the hourly time frame
General trend: Bullish within a channel
Support: 44,880 – then 44,300
Resistance: 45,100
MACD: Improved upward momentum
Expectation: The index is close to strong resistance at 45,100. Profit-taking or a slight correction is possible, followed by continued upward movement if the support is not broken.
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