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Jul 04, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

General trend: Confined between support and resistance.

Current situation:

  • The price is at 3341 and faces resistance at 3348.
  • Short-term symmetrical triangle formation.
  • MACD indicator is negative and indicates a possible correction.

Expectation:

  • A break of 3348 would qualify the price to rise to 3368 and then 3385.
  • In case of failure: A decline towards 3310 – 3285.
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

General trend: Upward in the short term, supported by consolidation above 64.70.

Current situation:

  • Strong rebound after correction from 64.7.
  • The movement is still driven by gradual buying momentum.
  • The price is facing resistance at 66.60 – 66.80.

Expectation:

  • Continue rising towards 67.50 if 66.80 is breached.
  • Strong support: 65.20 – 64.70 (buying opportunities if it returns to it).
  • A break of 64.70 negates the bullish scenario.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

General trend: Up

Current situation:

  • The index is making new highs and showing strong momentum.
  • The trend is driven by gains in technology stocks.
  • Price movement is stable above the 22,500 support level.

Expectation:

  • Target 22,950 and then 23,100 in the near term.
  • Support: 22,600 – 22,480.
     
US30 chart on the hourly time frame

US30 chart on the hourly time frame

General trend: Upward sloping sideways

Current situation:

  • Rebounded from strong support levels at 44,250.
  • Important resistance is at 44,800.
  • The index is moving in a narrow range.

Expectation:

  • A break above 44,800 will open the way towards 45,100.
  • Crucial support: 44,300 – 44,150.

- A look at yesterday's report on July 3, 2025 

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