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Apr 08, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold has slipped below $3030, now at $3003, pressured by rising bond yields and a stronger dollar, despite ongoing geopolitical tensions. Investors are reallocating toward higher-yielding assets.


Outlook: Bearish unless it regains $3035; next support near $2970.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3013.26
3009.97
3007.82
3004.53
3001.10
2999.24
2995.80
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil continues to decline, settling near $61 amid renewed concerns over slowing global demand and supply pressures. Upcoming U.S. inventory data could be key in determining near-term direction.


Outlook: Bearish, with a break below $60 likely to trigger further losses.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
61.580
61.432
61.348
61.193
61.045
60.961
60.827
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