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Apr 30, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

🔸 Outlook:
 Gold is retreating slightly after failing to hold above $3,300, although geopolitical tensions remain a supportive factor.

🔸 Expected Levels:

  • If bullish momentum returns, the price could revisit $3,310 then $3,345.
  • Continued weakness may lead to a move toward $3,260 then $3,220 in the short term.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3318.14
3307.82
3301.23
3290.78
3280.34
3274.00
3263.31

USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

🔸 Outlook:
 Oil prices continue to slide due to oversupply concerns and weakening global demand, reaching their lowest levels in months.

🔸 Expected Levels:

  • A technical rebound may lift prices toward $60.50 then $61.80.
  • Persistent downward pressure could lead to further decline toward $58.70 and possibly $57.40.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
60.253
59.982
59.832
59.576
59.321
59.144
58.888

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