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May 01, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

🔸 Current outlook:
 Gold faces corrective pressure after losing momentum above $3,300, as risk appetite slightly recovers.

🔹 Expected levels:

  • If prices remain above $3,220, a rebound toward $3,270 and $3,310 is possible.
  • A break below $3,210 could lead to further declines toward $3,170.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
3240.93
3238.51
3236.65
3233.95
3231.53
3229.68
 
3227.11

USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

🔸 Current outlook:
 Oil continues to decline, reaching multi-month lows, pressured by oversupply and softening demand growth.

🔹 Expected levels:

  • A technical rebound could lift prices toward $58.20 and $59.00.
  • Continued weakness below $56.70 could open the way to $55.40 and $54.00.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
57.730
57.461
57.300
57.004
56.735
56.567
56.292

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