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Apr 15, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold continues to set record highs as geopolitical concerns and dollar weakness dominate sentiment. Investors appear to favor safe-haven assets while awaiting the upcoming Fed minutes.
If uncertainty remains elevated, gold could test the 3255 level.
 A round of profit-taking may, however, lead to a pullback toward 3190.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3235.98
3232.89
3231.16
3228.00
3225.15
3223.19
3220.33
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices eased slightly today after last week’s rally, as concerns over slowing global demand persist. However, cautious optimism remains about potential additional supply cuts from OPEC+.
If optimism around demand returns, oil may rebound toward 62.00.
 Continued economic pressure could, however, drive prices down to around 60.10.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
61.655
61.427
61.287
61.069
60.849
60.715
60.489
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