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Apr 07, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

  • Buy Interest Zone: 3000 - 2975
  • Upside Barrier: 3050 - 3070
Gold may remain under pressure in the short term if bond yields and the dollar stay strong, though medium-term demand remains intact due to geopolitical uncertainty.
Reason: Rising US Treasury yields and a firmer dollar are weighing on gold's appeal as a safe haven.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3040.17
3033.46
3029.62
3023.63
3017.15
3013.07
3006.60
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

  • Stabilization Zone: 59.50 - 58.80
  • Resistance Ahead: 62.00 - 63.20
Oil prices may stay under pressure amid rising inventories and demand concerns, despite recent geopolitical tension relief.
Reason: Crude prices are falling on signs of higher US stockpiles and growing fears of a global economic slowdown.
 
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
60.591
60.399
60.292
60.132
59.919
59.844
59.642
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