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Jun 10, 2025

XAU/USD chart on the hourly time frame

Gold chart on the hourly time frame

What happened yesterday:

  •  The ascending trendline was clearly broken.
  •  The price lost bullish momentum and dropped below 3340 and 3320.

Current status:

  •  Trading around 3310–3320 with no strong rebound yet.
  •  MACD: Negative with clear downward momentum.

Outlook:

  • Holding below 3320 increases the likelihood of a drop toward 3285–3270.
  • A recovery above 3340 is needed to revive bullish potential toward 3360–3380.
USOIL chart on the hourly time frame

US Oil Chart on the Hourly Time Frame

What happened since June 9:

  •  The ascending wedge pattern was broken.
  •  The price failed to sustain above 64.50, triggering a downward correction.

Current status:

  •  The price is below 64.00 under mild selling pressure.
  •  MACD: Negative, signaling a short-term trend reversal.

Outlook:

  • A break below 63.70 confirms correction toward 62.90 then 61.70.
  • Regaining 64.50 with strong momentum would restore bullish outlook toward 65.00.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

What happened yesterday:

  •  The index rose to 21922 but failed to break above the previous high.
  •  It reverted to sideways movement within the ascending channel.

Current status:

  •  Trading around 21770.95, still within the 21700–21900 range.
  •  MACD: Still positive with signs of fading momentum.

Outlook:

  • Holding above 21650 keeps the scenario of testing 21900 intact.
  • A break below 21580 shifts focus back to 21400.
  •  

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