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Jun 11, 2025

XAU/USD chart on the hourly time frame

Gold chart on the hourly time frame

Compared to the Previous Session:

  • Yesterday, gold broke clearly below the ascending trendline, falling from above 3340 to below 3320. - Price stabilized between 3310–3320 without strong rebound. - The MACD was negative, indicating strong bearish momentum with likely continuation.


Current Technical Outlook:

  • Today, the price continued its decline and reached 3285, hitting the first target mentioned yesterday. - Currently trading around 3290, still weak, with no signs of technical rebound. - MACD remains firmly bearish, with no reversal signals yet.

Conclusion: The bearish scenario played out as expected. Price broke below 3320 and reached 3285. Sustained trading below this level signals further downside risk.
Forecast:

  • If 3280 is broken, price may extend lower to:

 ◦ 3270 (first target),
 ◦ 3255 (second target).

 

  • If price rebounds above 3320 with strong momentum, it may revisit:

 ◦ 3340, then 3360.


USOIL chart on the hourly time frame

US Oil Chart on the Hourly Time Frame

Compared to the Previous Session:

  • Yesterday, price was trading above 64.30, within a rising wedge pattern, though momentum was weak.
  • MACD showed early signs of a downturn, but no significant breakdown had occurred yet.

Current Technical Outlook:

  • Today’s session witnessed a clear breakdown from the rising wedge, with price falling to 63.46.
  • MACD has turned clearly bearish, confirming a short-term trend shift.


 Conclusion: The ascending pattern that was forming yesterday has now been broken, confirming a change in direction and further potential declines.
 Forecast:

  • Expected continuation of the downtrend toward:

 ◦ 62.85 (first target),
 ◦ 62.20 (second target).

  • Any bullish correction is likely to face resistance near 63.95–64.30.
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame


As mentioned yesterday:

  • The index remained within the ascending channel and tested the 21900 level, but failed to break above it.

Current Situation:

  • Price is around 21866, very close to the previous high.
  • The index remains inside the upward channel, and the trendline is still intact.
  • MACD remains positive, though momentum is weakening.

Forecast:

  • As long as price stays above 21700, targets remain:

 ◦ 21950, then ◦ 22100.

  • A break below 21650 may lead to a drop toward 21450, the channel bottom.

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