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Oct 16, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold trades around $4208/oz within a clear ascending channel.
 Price remains supported above $4050, but it’s now testing the channel’s upper boundary.

  • Moving averages continue to point upward, confirming the uptrend.
  • The MACD remains positive but shows mild divergence — a sign of weakening momentum.
  • Bullish momentum has slowed after a strong rally from $3950 to $4200.


Outlook

  • Holding above $4150 keeps the uptrend intact, with targets at $4235 and $4280.
  • A drop below $4150 could trigger a correction toward $4090–$4050.
     

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Oil trades near $58.30 after sustained bearish pressure, following concerns of a global supply surplus after OPEC+ production hikes.

  • Moving averages remain in bearish alignment.
  • The MACD is in negative territory, confirming weakness.
  • Momentum remains soft, with no strong reversal signals yet.


Outlook

  • Continued selling could push prices toward $57.00 and $55.50.
  • Resistance lies at $60.00, with a potential rebound toward $62.50 if it’s breached.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The NASDAQ trades near 24,790, supported by expectations of Fed rate cuts and strong tech performance.

  • Moving averages remain in a bullish crossover.
  • MACD is positive, though momentum is slowing.
  • RSI indicates mild overbought conditions.


 Outlook

  • Staying above 24,600 keeps the uptrend intact toward 25,000–25,250.
  • A break below 24,500 could trigger a short-term correction toward 24,200.


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow trades near 46,280, slightly higher amid improved risk sentiment.
 However, momentum has started to weaken near resistance.

  • MACD suggests a possible bearish divergence.
  • Moving averages still support an uptrend but with reduced strength.
  • RSI remains close to overbought levels.


 Outlook

  • A mild correction toward 46,000–45,850 is possible before renewed buying.
  • A breakout above 46,450 would target 46,800 next.



 

- A look at yesterday report dated October 15, 2025.

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