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Mar 12, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is currently trading at $2,913 per ounce, attempting to consolidate amid market volatility and investor anticipation of any economic developments affecting the dollar and US bond yields.

Important Levels:

  • Support: $2,900-$2,885
  • Resistance: $2,925-$2,950

A break above $2,900 could pressure gold further downward, while a break above $2,925 could push prices to test higher levels at $2,950.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2929.63
2925.11
2922.38
2917.93
2913.48
2910.68
2906.23
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil is currently trading at $66.67 per barrel, amid market volatility driven by supply and demand factors and investors' anticipation of any geopolitical or economic developments that could impact prices.

Key Levels:

  • Support: $66.00 – $65.50
  • Resistance: $67.20 – $68.00

Stable support above $67.20 could push prices towards $68.00, while a break above $66.00 could increase selling pressure and push oil further down.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
66.624
66.510
66.446
66.336
66.230
66.160
66.054
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