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Nov 17, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is retreating sharply from the 4240 level after failing to break through the all-time high, and is currently trading near the lower boundary of the ascending channel at 4060, a key technical support level.

The overall trend remains bullish in the medium term, but the MACD indicator is reflecting a strong corrective downward wave with increasing negative momentum.

A break below 4060 could open the way towards 4015 and then 3970.

A bounce from this level would keep the bullish trend intact, targeting 4150 and then 4200.

  • Overall trend: Medium-term bullish – Short-term bearish
  • Support: 4060 – 4015 – 3970
  • Resistance: 4150 – 4200

Expectation: Gold is at a crucial point; a bounce is likely, but a break would clearly turn the outlook bearish.
 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourly time frame

Oil is trading near a key support level at 59.00 after a strong downward trend that has dominated since the beginning of the week. Risk appetite remains weak, while pressure continues from the strong dollar and expectations of high supply.

The price is close to a potential bounce zone, but the overall trend remains bearish as long as it stays below 61.20.

General Trend: Downward

  • Support: 59.00 – 57.80
  • Resistance: 60.50 – 61.20

Expectation: A bounce is possible from 59.00, but a break below this level would reinforce the downward move towards 57.80.
 

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq experienced a downward correction after reaching highs and is currently trading near the intermediate support level of 25,000. Technical indicators reflect a clear slowdown in upward momentum, but the overall trend remains positive.

A break below 25,000 opens the door for a deeper decline towards 24,650. Conversely, a return above 25,400 would quickly restore upward momentum. 

  • General Trend: Medium-term bullish
  • Support: 25,000 – 24,650
  • Resistance: 25,400 – 25,600

Expectation: Sideways movement with a downward bias unless the 25,400 level is breached.
 

 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow Jones is trading near all-time highs, but a clear decline in momentum is emerging.
The price is moving within a narrow range, suggesting a possible limited correction before a renewed upward attempt.

Holding above 47,000 supports the continuation of the bullish trend.

A break below this level opens the way for a decline towards 46,650.

  • General Trend: Bullish
  • Support: 47,000 – 46,650
  • Resistance: 47,400 – 47,600

Expectation: Limited upward movement provided the price holds above 47,000.
 

- A look at last week  report dated Nov 14, 2025.

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