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Oct 17, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues setting new record highs, buoyed by dollar weakness and rising rate-cut expectations.
 The uptrend remains intact within the ascending channel, with MACD staying strongly positive.
 

Technical View:
 Immediate resistance is at 4370–4380, while support sits near 4290.
 A breakout above resistance could target 4420–4450, whereas a dip below support may signal a pullback toward 4240.
 

Outlook: Overall bullish trend remains dominant, with minor corrections possible.

 

 
USOIL Chart on the hourtly time frame

USOIL Chart on the hourtly time frame

Oil prices have fallen sharply amid concerns of global oversupply following OPEC+ production hikes and slower Chinese demand.
 The MACD shows a firm bearish tone, with selling momentum still strong.
 

Technical View:
 Resistance is at $58.50, while support is found at $55.80.
 A break below support could extend the decline toward $54.20.
 

Outlook: Continued downside pressure in the short term below $58.50.

 
USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The Nasdaq retreats from recent highs amid profit-taking, despite optimism around rate-cut expectations.
 Momentum indicators show temporary loss of upside strength.
 

Technical View:
 Resistance stands at 24,800, while supports lie at 24,300 and 24,000.
 A break below support could lead to deeper correction toward 23,700.
 

Outlook: Limited pullback expected before resuming the medium-term uptrend.
 


 
US30 chart on the hourly time frame

US30 chart on the hourly time frame

The Dow edges lower, pressured by weakness in energy and tech sectors, yet the broader outlook remains constructive.
 MACD signals the start of a short-term bearish correction.
 

Technical View:
 Support at 45,500 and resistance near 46,200.
 A drop below support could extend the decline to 45,000 before a rebound.
 

Outlook: Slight bearish bias short term, with potential rebound from key supports.
 



 

- A look at yesterday report dated October 16, 2025.

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