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Jun 19, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

  • The price is still moving in an upward range but is currently testing the lower boundary of the channel.
  •  The MACD indicator is negative with weak selling momentum.
  •  Support: 3360 – 3335
  •  Resistance: 3400 – 3425

Expectation: If the uptrend line holds, a rebound towards 3400 and then 3425 is expected. A clear break below 3360 could return gold to the 3335 area.
USOIL chart on the hourly time frame

USOIL Chart on the hourtly time frame

  • The price is still moving within a rising wedge and is approaching our expectations from yesterday.
  • Strong horizontal resistance is at 74.75, and important support is around 71.00.
  • The MACD indicator is starting to show weakness in the upward momentum.

Expectation:

  • A possible bearish rebound from the resistance at 73.30-74.75 towards 71.00.
  • A break of 71.00 could lead to an accelerated decline to 68.50.

We can sell near 73.30 with a stop loss at 74.00 and a first target of 71.00, and only buy if 74.75 is breached with a strong close.
 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

  • Moving within a narrow symmetrical triangle.
  • Lower support is at 21532, and resistance is at 21966.
  • MACD is clearly negative, indicating the likelihood of continued selling pressure.

Expectation:

  • Breaking the support at 21530 will open the way for a decline towards 21200.
  • A break above 21966 will lead to a retest of 22100 and possibly 22350.

We can sell at a break of 21530 with a stop loss of 21630 and a target of 21200, and buy at a break of 21966 with an hourly candlestick close above it.

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