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Apr 09, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold prices rose again, driven by lower US bond yields and increased geopolitical uncertainty following Trump’s latest remarks on trade and monetary policy. Demand for safe-haven assets continues to support gold.


Outlook: As long as uncertainty persists and the dollar remains under pressure, gold is likely to maintain its upward path.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3055.45
3051.50
3048.73
3044.52
3040.44
3037.67
3033.72

USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices declined sharply due to growing concerns over weakening global demand, particularly in light of renewed trade tensions and potential economic slowdown. Trump's announcements of new tariffs triggered widespread market anxiety.


Outlook: The bearish tone remains dominant unless new signs of demand recovery emerge or OPEC steps in with production cuts.

Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
57.988
57.579
57.353
56.980
56.580
56.345
55.972

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